Small business owners should always work with an accountant at tax season to ensure everything is properly filed. Thankfully ...

The IRS provides special tax write-offs for taxpayers who are business owners, including for home office expenses, car expenses, and even some personal costs such as health insurance premiums.

It’s 2025, and with it come major tax law changes for LLC owners. It’s crucial to stay in compliance and understand the ...

The American Institute of CPAs is asking the Congressional tax-writing committees to broaden a deduction used by partnerships ...

Taxpayers were not entitled to deduct payments made related to out-of-state businesses as business expenses or losses, held the U.S. Tax Court, sustaining the IRS’s determinations of tax and additions ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Lawmakers adopted the Tax Cuts and Jobs Act (TCJA) of 2017 and it represented the most significant tax policy overhaul since ...

In the latest income tax bill, a significant change has been made regarding deductions under section 80C of the Income-Tax Act, 1961. These deductions have been shifted to a new section, namely ...

Here are the best tax software deals to shop at Amazon.

“Beyond staying in the government’s good graces, tax season is an opportunity to understand where your business stands ...

Budget 2025-2026 also announced at tax rebate for those earning up to Rs 12 lakh annually. The Bill removes exemptions and ...