Taxpayers have two options for deducting costs associated with using a vehicle for business: either the standard mileage deduction or actual costs. This article analyzes the advantages...
Posted by Rosovich & Associates, Inc. on 07/29/2023
When it comes to tax time, homeowners are always looking for ways to reduce their tax burden. Luckily, many tax deductions available for homeowners can result in significant savings.Before...
Posted by Rosovich & Associates, Inc. on 02/22/2023
Many people frown at the idea of sending their hard-earned dollars to Uncle Sam. So, to cushion the effect of taxes, Uncle Sam provided some relief in form of tax deductions and credit...
Posted by Rosovich & Associates, Inc. on 07/06/2021
It is the ultimate dream. Getting to sit in your pajamas all day and do a bit of work while watching your favorite show and hanging out with the kids. You don’t have to answer to...
Posted by Patrick O'Hara, EA on
It is a sad reality for many people that they will have to let go a particular percentage of their income to Uncle Sam. While there is nothing much we can do about that, the right...
Posted by Elliot Kravitz, ATP on 02/23/2021
When you file your business taxes, you may be gathering information and asking yourself what is deductible and not. Income tax deductions benefit your business because they lower your...
Posted by Flynn Financial Group Inc on 04/26/2021
The U.S tax system experienced a huge change under the Tax Cut and Jobs Act. Under the new law, one of the biggest changes is the elimination of the deduction unreimbursed employee...
Posted by rinehimerbaker on 07/24/2018
An individual gets a 1099 form because they are doing contracted work or are self-employed. You are individually tracking your income instead of using a payroll software of your employer....
Posted by Duce Taxes & Accounting on 06/08/2018
Taxpayers who’ve lived and worked in more than one state may be asked by the IRS to file multiple tax returns. Not only an average traveler is asked to file a tax return in every...
Posted by Duce Taxes & Accounting on 05/16/2018
