Do This to Avoid PenaltiesThanks to the Tax Cuts and Jobs Act (TCJA) tax reform, you have thousands of pages of new tax rules and not a lot of guidance on many of them. Let’s say you want to take a certain tax-deduction position on your tax return, but you think it could go either
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Is your last payment of payroll taxes in the hands of the IRS or in the hands of an embezzler? How would you know? There’s one easy way to know: simply use the IRS’s online service to check. But that’s a bit of trouble, so why bother? Because if the money has been stolen, you
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Many Sole Proprietors and Partnerships are envious of the Section 199A 20 percent deduction. Because of this, they turn to paying themselves W-2 wages to reduce their tax burden. WRONG! A Sole Proprietor or Partner may not be W-2 employees of their own Sole Proprietor or Partnership. Neither does using a Certified Professional Employer Organization
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Even if you have an office located away from your home, you can still claim your home office.