Photo by Tatyana Mazepova It’s the holiday season, so many of us have travel on our minds. That includes the Internal Revenue Service. AAA expects 2.5 million more people will be on the roads for the year-end holiday period, which is classifies as Saturday, Dec. 21 to Wednesday, Jan...
You candeduct direct business expensesas a self-employed person or sole proprietor. That includes supplies, the costs of materials used in the inventory you sell, advertising, and shipping. You may also be able to deductvehicle expensesfor travel to purchase supplies and promote your business. If...
Publication 463: Travel, Gift, and Car Expenses Another guide that is relevant to Publication 535 is Publication 463: Travel, Gift, and Car Expenses. This publication explains the expenses associated with business activities that an individual taxpayer can deduct to reduce their overall taxable income...
As is the case every year, we’re hearing from lots of folks confused about when to send a 1099 form or other “information returns” to someone. It is true that over time, these forms have continued to change, and the rules have become more specific… but the basics remain the same....
Expert Navigation: Our CPA crew is like your time-travel team, diving into your past filings (2020 and 2021) to skillfully amend them for FFCRA credits. They ensure everything's shipshape without causing ripples in your 2023 tax voyage. Smooth Sailing for 2023: Your 2023 tax filing remains ...
Expert Navigation: Our CPA crew is like your time-travel team, diving into your past filings (2020 and 2021) to skillfully amend them for FFCRA credits. They ensure everything's shipshape without causing ripples in your 2023 tax voyage. Smooth Sailing for 2023: Your 2023 tax filing remains ...
For tax years through 2017, use IRS Form 2106 if you itemize deductions for non-reimbursed work-related expenses such as travel, meals, entertainment or transportation.
Tax reform changed rules related to moving expenses. Are moving expenses tax deductible? For most people, the answer is no. Military personnel can still claim the deduction but must meet certain requirements to qualify.
However, special temporary travel permits do not include permits that are issued for your vehicle if the total amount of time covered by those permits is more than 60 days or more than 2 months during a taxable year." What is meant by my consent to disclosure?
My trip to the NAB Show ended with a red-eye flight home to the East Coast, something I don’t think I’ve done for business travel since 1996. Let’s just say I can’t rally from the experience as well as I did back then. ...