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NTB Consulting: Posted on Friday, January 13, 2012 2:54 PM
The IRS allows self-employed taxpayers to claim a deduction forhome-based businessexpenses if they meet certain requirements: - They must use the home office regularly andexclusively
- As the principal place of business for a tradeor business.
- As a place to meet with clients, patients,or customers in the course of the trade or business; or in connection with thetaxpayer’s trade or business, if the location is in a separate structure not attached to the dwelling unit.
Note: Day care businesses are exempt from |
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Posted on Tuesday, January 10, 2012 3:06 PM
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NTB Consulting: Posted on Tuesday, January 10, 2012 2:56 PM
TenIRSTipson Choosing A Tax Preparer
1. Check the preparer's qualifications
2. Check the preparer's history
3. Ask about fees---avoid preparers who charge a percentage of the tax refund 4. Ask if they file electronically--IRS requires any tax prepare who prepare more than 10 returns to file electronically
5. Make sure the tax preparer is accessible after the April due date
6. Provide all tax records and receipts to the tax preparer
7. Never sign a blank tax return
8. |
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Posted on Saturday, November 05, 2011 7:34 AM
Key 2011 Tax Change Alert Some tax certainty to help you plan.
The last few tax years have been filled with uncertainty with late changing tax laws impacting the majority of taxpayers. Thankfully, the passage of the Tax Relief/Job Creation Act in December, 2010 eliminated much of this uncertainty for 2011.... Read More College Costs Continue to Rise According to recently published research by the CollegeBoard, the average cost to attend college has gone up 8.3% for the 2011/2012 school year. |
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