A business expense deduction is a deduction allowed for ordinary and necessary expenses paid or incurred in connection with an individual’s trade, business or profession.1 The deduction allowed under ...

Business taxpayers are often entitled to extra self-employed and small business tax deductions, which can potentially lead to ...

Forbes contributors publish independent expert analyses and insights. Leading writer and speaker in the area of trader tax benefits. Trader tax status (TTS) constitutes business expense treatment, ...

Navigating the seas of self-employment can be rough. We've got answers to common questions so you can have smoother sailing.

Filing taxes for small businesses can be overwhelming and intimidating. There are so many questions you need to answer to get it right. What are the right forms for my business? What taxes am I ...

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Starting and running a small business is expensive. There are many different costs that go into operating a business, but many can be tax write-offs. For an expense to be deductible, the cost must be ...

On March 12 you said the IRS advises we "avoid tax schemes and frivolous arguments" in filing our tax returns and not to claim "bogus home-based businesses." I run a business out of my home and use a ...