To qualify, these expenses ... a business purpose to qualify for deductions. Examples include monthly account service fees and licensing renewals. Record-Keeping And Consulting A Tax Advisor ...

While personal loans don’t explicitly offer tax benefits, you can claim deductions if the loan is used for home purchase, construction or renovation, business investment, or education. Just ensure you ...

Some examples of deductible expenses include market ... Social Security and Medicare tax. Like sole proprietorships, partnerships are also taxed at the personal, not business level — a term ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Remodeling a home typically is not a tax deduction ... improvement expenses on your taxes Sometimes, you can claim your home improvement tax benefit quickly and regularly — for example, a ...

Not sure where to start? Here are 10 small business tax deductions ... Travel expenses can be deductible if the purpose of a trip involves business. For example, if you're speaking at an industry ...

If you've been paying for health insurance premiums and want to know whether those payments are tax deductible, you're in the ...

The mortgage tax break is one of the most common. It enables you to deduct the home mortgage interest on the first $750,000 ...

The IRS might want to verify that you're actually eligible for the home office deduction. Plan to keep copies of all your ...

A special assessment is an additional fee that an HOA may impose to cover unforeseen expenses. Unlike regular HOA dues, special assessments are typically only applied in emergency situations. If the ...

While you should use a business credit card for company expenses, there aren't necessarily dire consequences if you ...