Taxable Income Archives - Page 13 of 19 - FREE Yourself from IRS Problems

Shamsey Oloko March 15, 2016 Audit, Business Expenses, Charitable Contributions, Civil Liabilities, Civil Penalties, Collection Activities, Criminal Liabilities, Deductions, Expenses Deductions, Federal Tax Liens & Levies, Filing Status, Form 1040, Fraudulent Return, Home Office, Income Exclusions, Income Tax, Innocent Spouse Relief, Job Search Expenses, Ordinary and Necessary Expenses, Representation, Schedule A, Tax Evasion, Tax Fraud, Taxable Income 0

IRS Audits – What Are My Chances?

It’s considered by many taxpayers to be one of the most frightening events that could happen related to their everyday business affairs. What is this frightening event? An IRS audit, of course. But is a tax audit really that scary…

Shamsey Oloko March 10, 2016 Audit, Business Expense, Business Expenses, Deductions, Employment Taxes, Expenses Deductions, FICA, Income Tax, Independent Contractor, New York Income Tax, News, Representation, Taxable Income 0

Uber drivers – employees or independent contractors? (What’s the significance anyway?)

By now everyone is familiar with Uber. And in case you’re not, Uber is an online taxi dispatch company that uses its own mobile app that allows its customers to submit a trip request on their smartphones for drivers who then…

Shamsey Oloko March 1, 2016 Debt Cancellation, Debt Forgiveness, Income, News, Taxable Income 0

Marvel Entertainment And Cancellation Of Indebtedness Income

Issue Under the tax code, when cancellation of indebtedness income excluded from gross income results in a reduction of combined net operating losses, and a business entity can carry forward this reduction to offset income in following tax years, must…