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Turn Your Home Office Into a Tax Deduction

Turn Your Home Office Into a Tax Deduction If you are working from home for the first time in 2020, you may be wondering if your home office is tax deductible. The bad news? If you’re working from home for an employer, you normally can’t deduct your home office...

Be sure It´s really the IRS

You can defend yourself against these scammers by knowing these simple rules: Rule 1: Expect a letter first In almost every case, the IRS will send you a letter via standard mail if they need to get in touch with you. This will alert you to expect future communication...

Audit Target: The Sole Proprietor

Each year the IRS publishes their activities in a publication called the Data Book. And each year for the past number of years the number one target of audits are those tax returns with a Schedule C for small business activity. So how to prepare yourself for a...

Basic Financial Documents You Must Have

Basic Financial Documents You Must Have There are some basic financial arrangements that all individuals should consider making, no matter what their age or circumstances. But if you have a family, these basic documents become essential. A Will. As you know, a will...