ordinary and necessary expenses Archives - FREE Yourself from IRS Problems

Shamsey Oloko May 1, 2017 Business Expenses, Disabled Access Credit, IRC Section 162, Ordinary and Necessary Expenses

Customer Based Tax Incentives For Businesses

Taking advantage of tax incentives makes good sense for businesses. One reason a business owner should use tax incentives is to help underwrite the cost of maintaining its existing customer base, while continually striving to increase it. Whether a sole…

Shamsey Oloko October 31, 2016 Ordinary and Necessary Expenses

Tax Treatment of Income from Hobbies

Countless Americans take pleasure from hobbies that also generate income. Collectibles of all types have skyrocketed in popularity, as well as income potential, in the last fifty years. Whether its dolls, baseball cards, stamps, coins, or Star Trek action figures,…