What Can You Deduct on a Home Office?
As the gig economy grows and remote work become a bigger part of the US economy, more people are working from a home office. Deducting expenses for a home office…
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Is that the IRS Calling, or is it a Scam?
Most of us have heard stories about innocent people receiving scam calls from someone posing as an IRS agent threatening immediate legal action and arrest if they don’t immediately make…
Child Tax Deductions for Divorced Parents
Taxes after divorce can be confusing, especially when children are involved, and when the parents disagree about who gets to claim a child on their tax return. According to the…
Businesses Should Now Use Accountable Plan to Reimburse Employees
The Tax Cuts and Jobs Act took away a tax-saving deduction for employees who have out-of-pocket expenses for their jobs. Under the old law, many employees got a tax break…
How to Make Tax Payments Electronically
The IRS offers two methods for making tax payments electronically – Direct Pay and the Electronic Federal Tax Payment System, also known as EFTPS. Both systems are free, but they…
What Can I Deduct from My Taxes When I’m Self-Employed?
If you’re newly self-employed, figuring out what you can deduct from your taxes can be confusing. The good news is that you can deduct the same kinds of expenses as…