Ordinary and Necessary Expenses Archives - Page 8 of 8

Shamsey Oloko November 7, 2013 Appeals, Audit, Business Expenses, Civil Liabilities, Deductions, Fast Track Settlement Program, News, Ordinary and Necessary Expenses 0

IRS Fast Track Settlement Program

Yesterday, November 6, 2013, the IRS expanded nationwide, its streamlined Fast Track Settlement program (FTS), which aims to help small businesses and self-employed individuals under audit settle their differences with the IRS over their tax debts more quickly. The Fast…

Shamsey Oloko May 9, 2013 Appeals, Audit, Income, News, Ordinary and Necessary Expenses, Representation 0

The Benefits of Hiring A New York City Tax Attorney

Facing taxation problems is not at all uncommon for the American population. It is not at all surprising, given the complexity of the economic system of the United States, which is a leading superpower in the whole world. Economic opportunities…

Shamsey Oloko September 17, 2011 Audit, Business Expenses, Income, News, Ordinary and Necessary Expenses, Representation, Taxable Income 0

BUSINESS OR HOBBY? Will the IRS allow you to deduct losses?

At one time or the other, most of us get involved in one kind of venture or another, sort of trying your hand at something different. Sometimes we make money in these ventures and the IRS can be counted on…