Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses.

For example, if your startup expenses total $53,000 ... it needs to be reported on your business tax form. That would be Schedule C for a sole proprietor, K-1 for a partnership or S corporation ...

Each January, your mailbox and email are likely filled with tax forms. You'll receive a W-2 reporting your wages if you work for an employer. But if you do any self-employed or freelance ...

Depending on what you've spent, claiming your medical expenses can get you a bigger refund. We walk you through everything ...

Tax season is here, and while you're filling out your return for the Canadian Revenue Agency (CRA), keep in mind that medical expenses may be deductible.

I fully intend to combine all monies and disperse to my siblings equally, but only after I am 100% sure that no money is owed ...

Examples include sales commissions, shipping expenses, and maintenance ... Overhead costs come in many forms and vary depending on the company’s size and sector. Below we look at some of ...

Often federal tax returns are denied because of errors made by the taxpayer. These errors are often easily fixed if ...

money received from friends and family as a gift or repayment for a personal expense should not be reported on a Form 1099-K. The payments aren't taxable. Here are some examples of non-business ...

Have you ever wondered how to make a zero based budget? If you’re ready to start budgeting and get your finances organized, a ...

Republican proposals to reduce the federal government’s contributions to Medicaid are all cuts — they are just taking ...

Taking on power of attorney for someone else is a very responsible role, and sadly things can go wrong if those chosen turn ...