Business Expenses Archives - Page 15 of 19 - FREE Yourself from IRS Problems

Shamsey Oloko March 11, 2016 Audit, Business Expenses, Capital Gains, Capital Losses, Charitable Contributions, Civil Liabilities, Civil Penalties, Criminal Liabilities, Deductions, Earned Income Tax Credit (EITC), Expenses Deductions, Federal Tax Liens & Levies, Filing Status, Form 1040, Fraudulent Return, Home Office, Income Tax, Tax Evasion, Tax Fraud 0

You’ve filed your tax return, how long does the IRS have to audit you?

You’ve filed all of your tax returns, and because of your level of income you find yourself in the class of taxpayers whose return is more likely to trigger an IRS audit. So you wonder, how long does the IRS…

Shamsey Oloko March 10, 2016 Audit, Business Expense, Business Expenses, Deductions, Employment Taxes, Expenses Deductions, FICA, Income Tax, Independent Contractor, New York Income Tax, News, Representation, Taxable Income 0

Uber drivers – employees or independent contractors? (What’s the significance anyway?)

By now everyone is familiar with Uber. And in case you’re not, Uber is an online taxi dispatch company that uses its own mobile app that allows its customers to submit a trip request on their smartphones for drivers who then…

Shamsey Oloko February 26, 2016 Business Expense, Business Expenses, Deductions, Income, Qualified Expenses 0

If I convert a home to a rental, when can I deduct any losses related thereto?

Issue If a taxpayer converts a home to a rental, when can the taxpayer deduct any losses related thereto? Related Tax Rules or Regulations Internal Revenue Code Section 262, which provides that except as otherwise expressly provided, no deduction is allowed…