Selling Your Home? You May Be Eligible to Exclude Your Profit
6 Smart Moves to Cut Your Tax Bill Before December 31st
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Find out about Lifetime Learning.
4 Things to Know About Employing Your Spouse
If you own your own business and operate as a proprietorship or partnership (wherein your spouse is not a partner), one of the smartest tax moves you can make is hiring your spouse to work as your employee.
What's the best way to report your vacation home rental income?
Do you have a beach or mountain home that you rent out? What’s the best way to report your income?
Don’t Rob Yourself of the Home Internet Deduction.
If you do some work at home, you’re probably using your home internet connection. Are your monthly internet expenses deductible? Maybe.
The deduction rules depend on your choice of business entity (proprietorship, corporation, or partnership).
Last-Minute Business Deductions
Well, here we are coming into the holiday season and the end of 2021. If you’re a business owner, you want to make the most of your business deductions and minimize your tax liability. The purpose of this article is to get the IRS to owe YOU money.
Of course, the IRS is not likely to cut you a check for this money (although in the right circumstances, that will happen), but you’ll realize the cash when you pay less in taxes.
Here are six powerful business tax deduction strategies that you can easily understand and implement before the end of 2021.