The New (and improved?) Form 1040 The new Form 1040 has been touted as a simple way for most people to file their income taxes
Tag: deductions
Meals and Entertainment Expenses per TCJA Tax Reform
The IRS has issued Notice 2018-76, that provides guidance on the business expense deduction for meals and entertainment. This is in light of the Tax
Interest on Home Equity Loans Still Deductible Under New Law
The Internal Revenue Service advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. Despite newly-enacted restrictions on
Tax Tips – Uber, Lyft, and Other Ride-Share Drivers
Ride-Sharing Services Instead of sitting at home watching TV reruns during their down time, some of people are making extra cash by offering their services in
Tax Documents You’ll Need to File Your Tax Return
Tax Documents Due Date By law, employers have until January 31st (or the next business day if it’s a weekend or holiday) to send you
How to Report Gambling Income and Losses on Your Tax Return
Six Tips on Gambling Income and Losses Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. The
Can I Claim My Expenses as Miscellaneous Itemized Deductions on Schedule A (Form 1040)?
Use the IRS Interactive Tax Assistant Tool to see if you can claim miscellaneous itemized deductions on your tax return. You may be able to deduct
6 Tax Filing Mistakes Small Business Owners Make
Filing small business taxes is an important process for every business, although it’s enjoyable to very few. In fact, some flat-out dread it. The problem is
Newly Married and Wondering How to Do Your Taxes
Congratulations! This exciting time in your life can bring lots of changes, such as moving into a new apartment, buying a house, combining finances or
2014 Year End Tax Planning
Year-end Tax Planning Tips from the National Society of Accountants Current individual income tax rates of 10, 15, 25, 28, 33, 35 and 39.6 percent