Yes, if your side gig qualifies as a genuine business (with a profit motive) and meets both federal and New York State rules for deducting losses. That means you must show that your expenses directly relate to an active, profit-seeking…
Divorce can be challenging for many reasons, but one major concern is figuring out who pays the taxes when a marriage ends. In New York, the rules can be confusing, especially if you and your spouse filed joint tax returns…
Have you heard that the IRS might take away your passport if you owe taxes? This idea can sound scary, especially if you love to travel or need to go abroad for work or family matters. But is it true?…