If you’re one of the more than 3.4 million taxpayers who claimed deductions for business use of a home (commonly referred to as the home office deduction)–but haven’t taken advantage of it because you thought it was too complicated–then you might be interested in the simplified option. Available since tax year 2013, the optional home […]
Home Office Tax Deduction The Simplified Option Read More »
With the economic recovering slow, an increasing number of individuals are selling their used items in garage sales or online. Of course, garage sales are nothing new but selling items on eBay, Craigslist, or another auction site has become something of a “digital” garage sale and it may be difficult to determine whether items sold
Do I Need to Report Expenses from a Garage Sale or Online Store? Read More »
Starting a home-based business can be a great decision. For many, it is a source of supplemental income to go along with their regular job. For others, it may be their fulltime income. In today’s economy with unemployment still higher than it should be, the only way for some people to work at all is
Home Business Income Tax Filing Basics Read More »
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