Featured Resources for Taxes
The IRS considers these factors when determining the difference between a business and a hobby.
There are situations when a taxpayer is required to withhold at the current rate of 24 percent. Here’s how they may apply to you.
Taxpayers can take a home office deduction if they use a portion of their home as a workplace.
Businesses can generally depreciate tangible property, except land.
Federal law requires a person to report cash transactions (or “cash payment”) of more than $10,000 to the IRS. Here are some facts from the IRS about reporting these payments.
Eligible taxpayers can claim the deduction for the first time on the 2018 federal income tax return they file in 2019.