Who Doesn’t Have to Pay Social Security Tax?
Updated January 19, 2021 Virtually all workers are subjected to payroll taxes that are used to support both Social Security and Medicare.…
Tax
Section 280A: Home Office Deduction Rules
Working from home is a luxury many small business owners and freelancers enjoy. Moreover, the ability to claim deductions when using a…
Tax Deductions Often Overlooked
Updated January 12, 2021 The key to keeping your return bill low is using as many tax deductions as possible; there’s no…
When to File Taxes Separately If Married
Virtually all married couples file their taxes jointly for a simple reason – it’s usually cheaper than filing them separately. However, as…
Jointly or Separately – How to File After Saying I Do
Updated January 5, 2020 A taxpayer’s filing status for the year is based upon his or her marital status at the close…
What Legal Expenses Are Tax Deductible?
A frequent question that arises is whether legal expenses are tax deductible. The answer to that question can be both yes and…
Don’t Be a Victim to IRS Phone and E-Mail Scams
Updated January 5, 2020 Thieves use taxpayers’ natural fear of the IRS and other government entities to ply their scams, including e-mail…
Getting the Most Out of Employee Business Expense Deductions
Updated January 5, 2020 Individuals can deduct as miscellaneous itemized deductions certain expenses that they incur in the course of their employment.…
Don’t Forget To File Nominee 1099s
Updated January 5, 2020 For tax purposes, if you receive, in your name, income that actually belongs to someone else, you are…