Suppose you think of a company as an unincorporated parallel business. If your business expenses exceed your income, you will have a net loss. You may feel that you can deduct this...
Posted by YourIRSTaxAdvocate.com on 07/29/2019
When it comes to tax treatment, there is a difference between unreimbursed business expenses for partners and S corporation shareholders. Also known as ordinary and necessary expenses,...
Posted by Elliot Kravitz, ATP on 04/17/2019
If you’re one of the many people who does have insurance but does not fully cover medical expenses such as unexpected emergencies, then you’re probably now finding ways...
Posted by Unifirst Financials & Tax Resources on 02/27/2019
While assessing your tax or working with a tax preparer or accountant, there is this sense of limiting your tax obligation by ensuring you claim the most significant measure of deductions...
Posted by YourIRSTaxAdvocate.com on 02/27/2019
The arrival of tax season is about to knock on your door, every self-employed individual is faced with a unique set of challenges. However, the self-employed individuals have an upper...
Posted by rinehimerbaker on 12/14/2018
It is not easy to control the debt whether it is small or big. The deducting legal expenses is all the debts and its management. It gets difficult for some people to pay off the debt...
Posted by Tax Solutions & Accounting Services on 11/06/2018
The U.S tax system experienced a huge change under the Tax Cut and Jobs Act. Under the new law, one of the biggest changes is the elimination of the deduction unreimbursed employee...
Posted by rinehimerbaker on 07/24/2018
Tracking the expenditures can assist you in saving your money at the tax time. But it is necessary that you keep the receipts as well as the documentation to back up the expenditures...
It can be tough to find job sometimes, people get frustrated and furious when it involves money especially. Sometimes, when you apply jobs, there are some charges which you have to...
Posted by P Sinaly CPA PC on 05/30/2018
