Taxable Income Archives - FREE Yourself from IRS Problems

Good Things to Know When Filing Your 2023 Taxes

It’s 2023 and a new year means it’s tax filing season. As taxpayers, we need to take some key steps as we prepare to file our 2022 federal unfiled tax returns new york. While some useful tax tools are no…

Shamsey Oloko December 1, 2022 Child Tax Credit, Deductions, Expenses Deductions, Income Exclusions, New York Property Tax, Qualified Education Expenses, State & Local Taxes, Tax Attorneys, Taxable Income 0

What Can I Do to Save Taxes Before the Year Ends?

As the end of the year approaches, the window is closing on measures that can save you money on your taxes. A seasoned tax professional can provide further guidance on the ways that you can save on your 2022 tax…

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,…