With remote work becoming the new normal, many taxpayers are discovering that working from home introduces unique tax considerations. From home office deductions to multi-state taxation, it’s important to...
Startup Cost Deduction When starting a new business, many costs are incurred even before operations officially begin. Fortunately, the IRS allows business owners to deduct startup costs under specific...
Introduction Unlike employees, independent contractors do not have taxes withheld from their payments. Instead, under IRC § 1402, they must pay self-employment tax and income tax directly to the...