Deducting Startup Costs for Your New Business at Tax Time
While the IRS allows you to deduct business startup costs, there are limits to what you can deduct in your first year. We explain in this week’s Business Tip.
Can You Deduct Employee Expenses?
Can you deduct your home office, computer or your uniform? As with all things tax, it depends. We explain in this Special Tax Tip.
Must I, or Should I, File a Tax Return?
Failure to file a return or filing late can be costly. If you owe, a delay may result in penalty and interest charges. Learn more in this special Tax Tip.
Tax Filing Deadline Rapidly Approaching
The April 18, 2016 tax filing deadline is for much more than your 1040. Check out the other deadlines that day in this week’s Tax Tip.
Asset Sales Versus Stock Sales: What You Need to Know
When selling a business, you need to know the difference between an asset sale and a stock sale. We explain in this week’s Business Tip.
When Disaster Strikes: Deducting Casualty Losses
Tornado hit your house? You may be able to claim a casualty loss deduction on your federal income tax return. We explain in this week’s Insurance Tip.
Proving Noncash Charitable Contributions
When donating goods, the fair market value you claim can be challenged, and the burden of proof is with you. Learn more in this week’s Tax Tip.
Employers: Important Due Date Approaching
Another tax form? Yep. Applicable large employers have to file a 1095-C to report health coverage offered to employees. Learn more in this week’s Business Tip.
Take Advantage of the IRA-to-Charity Provision
If you’re fortunate enough to not need money from your RMD, you can donate it directly to a charity. Read all about it in this week’s Tax Tip.
Tax Treatment of Travel Expenses
Deducting business expenses is more complicated than it seems. Learn what is deductible in this week’s Business Tip.