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January 31, 2018

The IRS has issued final regulations regarding the deductibility of local lodging expenses. In the past, employees were able to deduct expenses for job travel away from home, but could not deduct lodging expenses for the cost of staying in the locality where they work (...

January 23, 2018

INTRODUCTORY PARAGRAPHS TO BE USED FOR ALL CRITERIA

Currently, the likelihood of your business being involved in a worker classification or employment tax audit is increased because the IRS is aggressively attempting to reduce the “tax gap,” which is the annual shortfall...

January 9, 2018

The home office deduction rules are among the most complex in the Tax Code and are strictly enforced by the IRS.  On January 15, 2013, the IRS announced a new simplified option (also known as a safe harbor method) to calculate the home office deduction. The simplified o...

January 4, 2018

If you work out of your home, you are part of a growing trend. What's important to you, however, is that you may qualify for some valuable federal income tax deductions. You may be able to deduct part of your home's normal operating expenses for items such as utilities...

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