Income Tax Archives - Page 12 of 23 - FREE Yourself from IRS Problems

The Most Overlooked Tax Deductions, Part 3

Many taxpayers overlook the long list of deductions that they may take when completing and filing their tax returns. The IRS has estimated that millions of taxpayers overpay their taxes each year mainly because they fail to avail themselves of…

Shamsey Oloko August 12, 2016 Business Expense, Business Expenses, Income Tax, Income Tax Return, IRC Section 162, IRC Section 262, Ordinary and Necessary Expenses 0

Can You Write Off Your (Expensive) Work Clothes?

Most employers impose a dress code for the office. As a result, there are more than a few members of the American workforce who must purchase items including expensive suits, dresses, shirts, blouses, and shoes to observe an employer’s dress…

Shamsey Oloko August 10, 2016 Charitable Contributions, Donald J. Trump, Income, Income Tax, Income Tax Return 0

What Can Voters Really Learn From Donald Trump’s Tax Returns (if they are ever released)

What will we really learn If Donald Trump ever releases his tax returns? While no technical, legal requirement compels him to do so, it is but a time-honored tradition among presidential candidates acting in the spirit of full disclosure. Trump…