• 100 Park Avenue 16th Floor New York, NY 10017
  • Freedom From Your Tax Troubles: +212-490-0704
Shamsey Oloko November 14, 2022 Bonus Depreciation, Business Expenses, Corporate Tax, Deductions, Depreciation, Hobby-related, Home-Related Deductions, Income, Income Tax, Interest Income, Itemized Deductions, Miscellaneous Expenses, Ordinary and Necessary Expenses, Qualified Expenses, Taxable Income, THORGOOD Law Firm, Travel Expenses, Work-Related Expenses 0

What New Business Owners Need to Know About Federal Taxes – Part 1 – Is It a Business (or a Hobby)?

Most of us engage in hobbies of some kind, whether it’s collecting Chinese restaurant menus or making birdhouses. At some point, your hobby may start earning you additional income. Later, if the time that you spend on your hobby increases,…

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Shamsey Oloko September 26, 2022 Business Expense, Business Expenses, Business Tax Credits, Corporate Tax, Debt Forgiveness, Depreciation, Income Tax, Income Tax Return, Internal Revenue Code, Internal Revenue Service, Qualified Expenses, Tax News, Uncategorized 0

About The Plug-In Electric Drive Vehicle Credit (IRC Section 30D)

Electric car sales broke records in 2021 and have remained consistent in 2022. Sales of electric cars, including fully electric and plug-in hybrids, doubled in 2021 to a new record of 6.6 million sales. Taxpayers who purchase qualifying electric cars…

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Shamsey Oloko January 10, 2017 Audit, Business Expense, Business Expenses, Charitable Contributions, Child and Dependent Care Credit, Child Tax Credit, Civil Liabilities, Civil Penalties, Collection Activities, Criminal Liabilities, Delinquent Taxes, Dependents, Expenses Deductions, Filing Status, Fraudulent Return, Income Tax, Itemized Deductions, Late Returns, News, Qualified Expenses, Tax Evasion, Tax Fraud, Tax fraud & evasion 0

Seven Deadly Tax Sins

7 Deadly Tax Sins When it comes to the IRS, some bad acts are worse than others.  We have compiled below the top ones to avoid at all costs.  However, if you should find yourself in the middle of one,…

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About Company

At Thorgood Law Firm in New York, we are IRS attorneys dedicated to bringing legal counsel to taxpayers across the United States. 

  • 100 Park Avenue 16th Floor New York, NY 10017
  • (212) 490-0704
  • (212) 202-3879
  • info@thorgoodlaw.com

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