Tax Deductions for Home-Based Businesses
How to Qualify and Claim Deductions for Your Home Operation Your home-based business is in a unique tax situation. You can take all the usual business tax deductions, but some…
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Deductible expenses
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A Beginner’s Guide to Independent Contractor Taxes
What Is an Independent Contractor? An independent contractor (IC) is simply someone who works for someone else but not as an employee. An employee is someone who works for a business, and the…
Everything You Need to Know About Rental Income Tax
If you own an investment property and collect rent from your tenants, it’s important to declare that rental income on your taxes. You can, however, deduct expenses you incur to…
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