IRS Issues Final Section 199A Regulations and Defines QBI

  If you are currently operating a pass-through business such as a proprietorship, partnership, or S corporation, you might want to have a look at this. Thanks to the finalized regulations of Section 199A, you can now be eligible to have a tax deduction of up to 20...

Corporations Reduce IRS

Corporations Reduce IRS Audit of Home-Office Deductions. How? Are you overly suspicious that your home-office deduction will invite an IRS audit? Well. Countless taxpayers are not able to take advantage of a significant deduction that they’re entitled to because...

How to Deduct Medicare as a Business Expense

If you operate as a partnership, a proprietorship, a C corporation, or an S corporation, you’re undoubtedly aware of an unpleasant fact.   A lot of money can be added through Premiums for Medicare health insurance. This is especially true if you earn a high...