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.…
Shamsey Oloko
August 22, 2019
Filing Status, Form 1040-SR, Income Tax Return, Internal Revenue Service
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IRS Introduces New Form 1040-SR For Seniors
In December 2017, the feds announced a new federal form 1040-SR for use by those age 65 or older. At the time, the form was described “as similar as possible to the Form 1040EZ.” The main difference between forms was…
Shamsey Oloko
June 25, 2018
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