If you’re a self-employed independent contractor, every client who pays you more than $600 during the year is required to report the payments to the IRS (and your state tax agency) on IRS Form 1099-MISC. This year, there’s a new 1099-MISC deadline.
Author: Stephen Fishman
In this week’s Ask the Tax Expert, a reader asks about the IRS definition of a “temporary work location.” This can be important to know if you plan to take a mileage deduction and drive from your home to a temporary work location.
Starting a brand new business usually requires the expenditure of money on things. Luckily, you can take business deductions for your new startup costs. Let’s dive into how to write off the costs of starting your new business.