Capital Losses Archives - FREE Yourself from IRS Problems

Shamsey Oloko March 20, 2025 Business Expenses, Business Tax Credits, Cafeteria Plans, Capital Gains, Capital Losses, Civil Liabilities, Corporate Tax, Corporate Tax, Damages, Deferred Income, Depreciation, Employee Classification, Employment Taxes, Financial Statements, Gains & Losses, Income, Independent Contractor, Limited Liability Companies, Ordinary and Necessary Expenses, Profits & Losses, S Corporations, Tax Attorneys, Taxable Income 0

10-Step Springtime Legal Audit Checklist

10-Step Springtime Legal Audit Checklist Welcome to the glorious, first Day of Spring 2025! Just as you would take your automobile in for a tune-up, good practice requires that an audit the legal health of your business should be conducted…

Shamsey Oloko February 27, 2023 Capital Gains, Capital Losses, Digital Assets, Income, Income Exclusions, Income Tax, Income Tax Return 0

What Are Digital Assets?

In 2014, the IRS issued guidance explaining that virtual currency is treated as property for income tax purposes. It stated that tax principles applicable to transactions involving other types of property apply to virtual currency. In the last two years, the…

Shamsey Oloko November 9, 2021 Business Expense, Business Expenses, Business Tax Credits, Capital Gains, Capital Losses, Corporate Tax, Deductions, Expenses Deductions, Gains & Losses, Income, Income Exclusions, Income Tax, Income Tax Return, Ordinary and Necessary Expenses, Profits & Losses, Taxable Gain, Taxable Income, Uncategorized 0

How you can deduct business startup costs from your income taxes

How you can deduct business startup costs from your income taxes When starting a business, owners should treat all eligible costs incurred before beginning to operate the business as capital expenditures that are part of their basis in the business.…