Ordinary and Necessary Expenses Archives - Page 6 of 8

Shamsey Oloko April 6, 2016 Business Expenses, Capital Losses, Corporate Tax, Deductions, Expenses Deductions, Form 1040, Gains & Losses, Income Tax, Interest Income, Ordinary and Necessary Expenses, Representation, Taxable Income 0

Losses, Expenses and Interest between Related Taxpayers – Know The (Tax) Code: 26 U.S.C. §267

Congress, aware that related parties could create fictitious tax losses lacking economic substance based upon the related parties continued enjoyment of the property subject to the loss, enacted § 267 of the Internal Revenue Code to disallow certain losses and…

Shamsey Oloko March 24, 2016 Deductions, Expenses Deductions, Income Tax, New York Income Tax, New York Sales Tax, New York State Tax, New York State Tax Law, Ordinary and Necessary Expenses, Sales Tax, Schedule A, State & Local Taxes, State Sales Tax 0

What You Need to Know About Deducting State and Local Taxes

Taxpayers that itemize deductions on Schedule A, (and file Form 1040) can deduct the cost of state income taxes on their federal tax return. The ability to deduct the full cost of these taxes has its obvious advantages. Taxpayers may…

Shamsey Oloko March 15, 2016 Audit, Business Expenses, Charitable Contributions, Civil Liabilities, Civil Penalties, Collection Activities, Criminal Liabilities, Deductions, Expenses Deductions, Federal Tax Liens & Levies, Filing Status, Form 1040, Fraudulent Return, Home Office, Income Exclusions, Income Tax, Innocent Spouse Relief, Job Search Expenses, Ordinary and Necessary Expenses, Representation, Schedule A, Tax Evasion, Tax Fraud, Taxable Income 0

IRS Audits – What Are My Chances?

It’s considered by many taxpayers to be one of the most frightening events that could happen related to their everyday business affairs. What is this frightening event? An IRS audit, of course. But is a tax audit really that scary…

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Category: Ordinary and Necessary Expenses

What You Need to Know About Deducting State and Local Taxes

IRS Audits – What Are My Chances?

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Category: Ordinary and Necessary Expenses

Losses, Expenses and Interest between Related Taxpayers – Know The (Tax) Code: 26 U.S.C. §267

What You Need to Know About Deducting State and Local Taxes

IRS Audits – What Are My Chances?

Subscribe to our Newsletter

About Company

Practice Areas

Office

We accept Reliable Payment System

We accept Reliable
Payment System