We are both trying to figure out the IRS Form 7206 for a self-employed deduction ... This deduction would really help because he doesn’t have enough medical expenses to get any tax benefit ...

QuickBooks Solopreneur (formerly Self-Employed ... Beyond tracking and categorizing expenses, you can log mileage and calculate relevant deductions. You can also create, send and track invoices ...

Navigating the world of self-employment comes with its unique challenges, especially when it comes to proving your income.

In our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers readers' questions on tax deductions and losses.

While you may have initially opted for the sole proprietorship or partnership structure for your startup, these structures ...

As a homeowner, you’ve probably wondered, “Are HOA fees tax-deductible?” Unfortunately, in most cases, the answer is no. If you live in the home full time and don’t use any portion of it ...

Even with the use of accounting software, it's one thing to keep up with your billing and invoicing, but another to manage irregular expenses such as store receipts and travel tickets. Worse still ...

You may have gotten a surprise IRS tax bill that left you wondering what happened. Here are six reasons you might have owed more taxes and what to do about it.

However, the difference is that self-employed persons report this income as part of their individual income tax. If you are filing your own taxes, you may want to become more familiar with IRAS’s ...

It's that time of year again, and there is only one day left until the personal income tax submission deadline.

you’ve got up to four years to claim any missed deductible expenses. That applies to quarterly or annual declarations. When it comes to income tax, things get a bit more complex. If you’re ...