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Small business owners should find out if they can benefit from claiming this deduction

The home office deduction can help small business owners save money on their taxes. Taxpayers can take this deduction when they file their taxes if they use a portion of their home exclusively, and on a regular basis, for...

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  • November 7, 2019

Reminder: Oct. 15 deadline approaching for taxpayers who requested extensions

IRS YouTube Videos: Reminders for Extension Filers-Oct. 15 – English | Spanish | ASL WASHINGTON — Taxpayers who requested the six-month filing extension should complete their tax returns and file on or before the Oct. 15 deadline. Convenient electronic...

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  • October 7, 2019

IRS Cancels Postcard-Sized Income Tax Return

The IRS won’t be getting any postcards from taxpayers this year.  It’s not like the nation’s tax collection agency was expecting pictures of scenic views of mountains and oceans or tourist attractions. But plans to provide taxpayers with a postcard-sized Form 1040 have been officially scrapped. The IRS is...

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  • August 5, 2019

Home office deduction benefits eligible small business owners

Small business owners may qualify for a home office deduction that will help them save money on their taxes, and benefit their bottom line. Taxpayers can take this deduction if they use a portion of their home exclusively, and...

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  • July 8, 2019