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,…
When people talk about the “Trump Tax Cuts,” they usually mean the Tax Cuts and Jobs Act (TCJA) of 2017. This law brought changes to how we pay federal taxes in the United States and was signed by President Donald…
At Thorgood Law Firm in New York, we are IRS attorneys dedicated to bringing legal counsel to taxpayers across the United States.
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