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IRS Notice CP504- Third And Final Reminder Of Past Due Taxes
The CP 504 is a final notice of a balance that is due on your account. This is the third in a series of notices
January 8, 2025
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Category: Tax Tip You Can Bank On
Business v. Hobby – How to Tell the Difference for Tax Purposes
I think we can all agree that Scarlett Johansson and Tom Hiddleston act for a living. Likewise, the artists whose works sell for millions are
January 5, 2025
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Corporate Tax Break for Your and Your Employees’ Smartphones and Tablets
Corporate Tax Break for Your and Your Employees’ Smartphones and Tablets When a corporation provides an employee or a partner with a smartphone or similar
December 31, 2024
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Using a 529 Plan to Pay for Your Child’s College
Using a 529 Plan to Pay for Your Child’s College A Section 529 plan is a great way to fund your child’s college education. For
December 31, 2024
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Tax-Free Income from Rental of Your Home to a Corporation
Tax-Free Income from Rental of Your Home to a Corporation IRC Section 280A allows you to rent your entire home tax-free for 14 days or
December 31, 2024
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Tax Law Favors Corporate Debt over Equity
Tax Law Favors Corporate Debt over Equity If you decide to use a C corporation to operate your newly acquired business, you should know that
December 31, 2024
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December 31, 2024
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Beat the IRS Recapture Tax on Your Home Office
Beat the IRS Recapture Tax on Your Home Office The depreciation you claim with your home-office deduction is subject to a recapture tax when you
December 31, 2024
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Exploring IRS Section 121- Excluded Gain On Sale Of Residence- Part 2 of 4- Converting a Rental To A Primary Residence
Exploring IRS Section 121- Excluded Gain On Sale Of Residence- Part 2 of 4- Converting a Rental To A Primary Residence The Taxpayer Relief Act of
December 31, 2024
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Hire Your Child and Get Paid
Hire Your Child and Get Paid You can pay your child to work in your business and get paid yourself for this arrangement. Sound too
December 31, 2024
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