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The home office deduction has a notorious reputation as an audit trigger, but it’s mostly undeserved. Deducting your home office expenses is perfectly legal, provided that you follow the IRS ...
Tax season is here and many remote workers are wondering what expenses they can write off while working from home. In 2022, 60 million people did freelance work, primarily from their home office ...
Learn about the different types and levels of taxes imposed by the federal, state, and local governments in the U.S. Find out how taxes affect income, spending, and inequality in the country.
Learn about the federal and state income tax systems in the U.S., including sources of law, basic concepts, rates, deductions, and credits. Find out how income is defined, taxed, and reported for individuals, corporations, and other entities.
OPR is the IRS agency that oversees tax practitioner misconduct, discipline and practice. It publishes disciplinary actions, provides guidance to IRS employees, and accepts complaints about tax return preparers.
Working from home is great, but it often comes with surprise expenses. Here are 11 tax deductions you can’t afford to overlook. 7 rules for taking a work from home tax deduction [Video]
Data source: IRS. Keep in mind you can delay your first required minimum distribution until April 1 of the following year. That said, your next distribution must come out by Dec. 31 of that year ...
Circular 230 is a Treasury Department publication that regulates those who practice before the U.S. Internal Revenue Service (IRS), such as attorneys, CPAs and enrolled agents. It contains rules of conduct, ethical standards, penalties and procedures for tax representation and advice.
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