Business Income

What is a Gig? The Oxford dictionary defines a Gig as "a performance by musicians playing popular music or jazz in front of an audience; a similar performance by a comedian".What is gig economy?But , nowadays, a gig is not…
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Mileage reimbursement calculator for the tax year 2020 helps a taxpayer to compute deduction allowable as per the standard mileage rate declared by IRS under mileage reimbursement policy, whichever is greater from the gross total income.…
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The Internal Revenue Service issued Notice 2019-55 which elaborates new per diem rates 2019 effective from Oct. 1, 2019. These per diem rates are used for calculation of deductible business travel expense like lodging, meals and…
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If you have created a business out of hobby or wishing to adjust expens eon hobbies , you must be understanding hobby loss rule , because IRS will surely raise Red Flag on your claim of expense
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The Tax Cuts & Jobs Act has amended section 179 deduction to higher limits and also the purchase limit has been increased considerably
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