Tax Write-offs : A Guide for the Animal Lover
Tax Write-offs : A Guide for the Animal Lover In the month and year of July of 2009, Thaddeus McCotter introduced the HAPPY Act (Humanity and Pets Partnered Through the Years) bill. The HAPPY Act was...
View ArticleOffer in Compromise Guide
We’ve just begun to write an offer in compromise (or OIC) guidebook. While we’ve only just started, we’ve been working at it fastidiously. So please have a glimpse at the Huddleston Tax Library and...
View ArticleRequesting an Installment Agreement after the IRS Rejects an Offer in Compromise
Receiving a rejection from the Irs on an OIC application very well might fill you with some anxiety and panic, nonetheless do not fret — you’ve still got the option of repaying your full balance in...
View ArticleHow to work through the 433A in seeking tax debt relief
When you initially put in your Offer in Compromise request, you should additionally submit form 433-A. This form is actually what the Internal Revenue Service will use in ascertaining just whether or...
View ArticleArticle 4
Tax Deductible Charitable Donations and the Small Business (Another piece to our Self Employed Tax Guide) Through charitable contributions, your business could benefit by getting tax breaks and at the...
View ArticleSelf Employed Business Travel
Which Travel Expenses are Eligible for Tax Breaks (A piece to our Self Employed Tax Guide) Similar to other expenditures in doing business, you can gain tax deductions for any travel expenses you...
View ArticlePreparing Form 433a in an OIC
When seeking an offer in compromise of back tax debt, you will have to submit the 656 form 433b, unless you are a sole proprietorship and thus you’ll complete form 1040 to account for profits and...
View ArticleOffers of Compromise Form 656
Preparing Form 656 and Supporting Documentation in Attempting an Offer of Compromise of Owed Taxes An Offer for Compromise (OIC) is a tax settlement offer from the IRS to taxpayers, either an...
View ArticleConsiderations in Purchasing a Dental Practice
It is a very important that you give yourself due consideration in deciding where to buy, how to go about it, and what kind of practice to purchase. Do Your research Pace yourself. You are building the...
View ArticleHome Office Deductions for Landlords: An Overview
Many business owners are leary of home office deductions, concerned that these tax write-offs are more likely to spur an IRS audit. The IRS claims there is no meat to this claim. In any case, follow...
View ArticleTax Forms that Are Required for Reporting Leasing Income and Expenses
The following article discusses the different IRS tax documents you need as a landlord in order to accurately account for, and report, rental property profit to the Revenue Service. Depending upon the...
View ArticleDeductible Travel Expenses for Rental Residence Owners
When your travel costs are considered necessary and ordinary, they may be deductible expenses. A few expenditures you may be able to deduct include travel to obtain rental payments and to perform...
View ArticleInsurance, Cleaning/Maintenance, and Repairs Are Tax Deductible Rental...
You’ll want to ascertain that all of the expert services and costs are set up correctly and fully reported for the requirements of IRS conformity, now that you have decided to lease your property for...
View Article
