There's an old saying that it takes money to make money, and that's often the case for small business owners. It's common to incur expenses on everything from marketing and travel to supplies and ...

Tax season often brings stress, but it’s also an opportunity to uncover savings for your small business. You can significantly reduce your taxable income and improve your financial health by ...

Employees used it to claim tax deductions for unreimbursed ... In Part I, employees were required to list all unreimbursed business expenses, such as airfare, lodging, parking, tolls, and car ...

Here is a list of our partners and here's ... it both ways before filing. Yes, you can deduct self-employment tax as a business expense. It's actually one of the most common self-employment ...

However, if you're a remote worker filing your taxes, you still might not be able to claim the home office deduction. The ...

In what’s sure to be welcome news for small and midsize companies, the Section 179 tax deduction ... signage, business vehicles, construction equipment … the list goes on.

Just because you work from home doesn't mean you can deduct a home office on your taxes. Here's how to qualify for the ...

The taxpayer was not entitled to deduct unreimbursed employee business expenses or partnership losses, the U.S. Tax Court held, affirming the IRS’s determinations. Taxpayer, an individual, claimed ...

However, there are some restrictions on what qualifies as tax-deductible. Next, we’ll look at some business expenses you probably can’t deduct from your taxes. Whether you’re perusing the ...

To take a tax deduction on a rental property, use Part 1 of Schedule E to list your rental income and expenses. If you rent your second home part-time, review IRS Publication 527 and then consult a ...