business expenses
This time of year, figuring out your itemized tax deductions can feel like a guessing game. To get you headed in the right direction, here are 12 assorted expenses that might be confusing for many taxpayers. We answer the question for you: Is it deductible?
A few years ago, it appeared any company that required you to drive for your business would just hand over the keys to a new car -- my friends in sales or service seemed to magically have a new vehicle every few months. In this economy, however, that has changed. While more jobs require reliance on...
Can Williams get a tax break for her tirade?
8:00AM 12/02/2009
It was the tirade heard 'round the tennis world.
U.S. Open Champion Serena Williams, in the midst of defending her titled against the unseeded, unranked Kim Clijsters, faulted on her serve in the second set. On the second serve, Williams was called for a foot fault (which replays indicated might...
Taxpayers often wonder if they should be taking the home office deduction, and this issue is problematic for sure. The first question to be answered is whether or not you even qualify for the deduction. The IRS requires that in order for a space to qualify for the deduction, it must regularly used...
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