Taxable Income Archives - Page 2 of 19 - FREE Yourself from IRS Problems

Shamsey Oloko November 5, 2022 Business Expenses, Corporate Tax, Home-Related Deductions, Taxable Income, THORGOOD Law Firm, Work-Related Expenses 0

The Tax Upsides (Or Downsides) of Working from Home

The Coronavirus pandemic changed how we live in many ways. It also changed how we work. Many Americans shifted their workplace to their home because of the pandemic. While some did it only temporarily, others have continued working from home.…

Shamsey Oloko November 9, 2021 Business Expense, Business Expenses, Business Tax Credits, Capital Gains, Capital Losses, Corporate Tax, Deductions, Expenses Deductions, Gains & Losses, Income, Income Exclusions, Income Tax, Income Tax Return, Ordinary and Necessary Expenses, Profits & Losses, Taxable Gain, Taxable Income, Uncategorized 0

How you can deduct business startup costs from your income taxes

How you can deduct business startup costs from your income taxes When starting a business, owners should treat all eligible costs incurred before beginning to operate the business as capital expenditures that are part of their basis in the business.…