by mariettacp | Aug 2, 2012 | Money Tips
There is a great benefit available to employees who would like to pursue an MBA or other graduate degree for the purpose of improving their abilities and performance at work. It’s possible that you can deduct the costs of going back to school to lower your tax bill....
by mariettacp | Aug 1, 2012 | Money Tips
Cattery’s Business Expenses: While taxpayer’s principal source of income came from her wholly-owned corporation’s information technology consulting business, she also operated a “cattery” through the corporation to breed, show, and sell...
by mariettacp | Jul 31, 2012 | Money Tips
There are many worthwhile reasons to lend money to a relative. For example, you may want to help a child or sibling continue their education or start their own business. But lending money to relatives can have tax consequences. The IRS requires that a minimum rate of...
by mariettacp | Jul 30, 2012 | Money Tips
When your best friend views your nest egg as a source of start-up funds for his latest business venture, or your nephew hits you up for a car loan, your first impulse may be to reach into your bank account to help. But it’s a fact that loans to family and...
by mariettacp | Jul 26, 2012 | Money Tips
The home office deduction is available when you use part of your home regularly and exclusively as your primary place of business, or for meeting clients. If you’re an employee who works from home, there’s an additional rule: The exclusive use must be for...
by mariettacp | Jul 23, 2012 | Money Tips
Time for payment of corporate estimated taxes for 2014: For corporations with assets of at least $1 billion (determined as of the end of the preceding tax year), estimated tax payments due in July, August, or September 2014 were increased. Expanded 1099 reporting:...
