Introduction The home office deduction allows self-employed individuals to deduct a portion of their home expenses when they use a dedicated workspace for business. According to IRC § 280A,...
Introduction Filing taxes incorrectly can lead to missed deductions, penalties, and overpaying the IRS. Whether you’re an individual taxpayer, freelancer, or small business owner, avoiding common tax mistakes can...
Introduction The IRS audits less than 1% of tax returns, but certain red flags increase the risk of an audit. Whether you are an individual taxpayer, freelancer, or business...
Introduction Freelancers and self-employed individuals often miss valuable tax deductions that could significantly reduce their taxable income. Unlike W-2 employees, freelancers must pay self-employment taxes and cover their own...
Introduction Small businesses must follow IRS tax regulations to avoid costly mistakes that can lead to penalties, audits, and overpaying taxes. Common tax errors include misreporting income, missing deductions,...