Yes, if your side gig qualifies as a genuine business (with a profit motive) and meets both federal and New York State rules for deducting losses. That means you must show that your expenses directly relate to an active, profit-seeking…
Unfiled taxes can create concern and confusion for many people. You might think that once enough time passes, the IRS will simply move on, but that is not always true. If you have not filed tax returns in previous years,…
Tax filing obligations can feel stressful, especially if the deadline is coming up and you are unsure how much you might owe. Many individuals and businesses may be tempted to delay or neglect filing returns when their financial circumstances are…