In this week’s Ask the Tax Expert, a budding beekeeper asks questions about which drives are deductible. While your business may not be as buzzing, read on for some applicable tips for small business owners.
Author: Stephen Fishman
People have been talking about it for years, but it always seemed an impossible dream … just out of reach. Now it looks that it may actually happen. No, we’re not talking about the new Star Trek television series. We’re talking about tax reform.
Here’s how small business owners can prepare for tax reform.
Many real estate agents work only part time, or work at real estate for a while and then leave the field. If you’re in this situation and you don’t earn a profit from your real estate activity, the IRS could claim that you are not really in business. Let’s go over how to handle this, as well as some other important real estate tax tips.