Know the Tax Rules – Get Your Maximum Deduction The Taxpayer Relief Act of 1997 included a modification of the IRS’s definition of “principal place of business” that will permit a larger number of taxpayers to qualify for the home-office deduction. For tax years beginning after 1998, the deduction will be available for home offices [...]
July 12th, 2010 | Filed under Business Tax Issues,Tax Deductions | Read More »
Regardless of how life changes, one of the biggest hurdles you’ll face in running your own business is to stay on top of your numerous obligations to federal, state, and local tax agencies. A tax headache is only one mistake away, be it a missed payment or filing deadline, an improperly claimed deduction, or incomplete [...]
July 12th, 2010 | Filed under Business Tax Issues,Tax Records | Read More »
