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Business Tax (14)

Do You Have a Deductible Business Loss or a Nondeductible Hobby Loss?

There’s a fine line between businesses and hobbies under the federal tax code. If you engage...

Relying on Audit Techniques Guides

Relying on Audit Techniques Guides
IRS examiners usually do their homework before meeting with...

Maximize Write-Offs for Business Interest Expense

Maximize Write-Offs for Business Interest Expense
When you take out personal loans to buy a...

How S Corporations Can Save on Federal Employment Taxes

If you own an unincorporated small business, you may be getting fed up with high self-employment...

Handling Interest Expense on Loans to Inject Capital

There are instances when you can write off interest on personal loans used for business purposes,...