home office deductions

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Tax Court Sides with IRS: Businesses Must Prove Expense Deductions

Lack of Proper Documentation Leads to Denied Tax Deductions Self-employed individuals can deduct “ordinary and necessary” business expenses, just like large corporations. However, they must follow strict substantiation rules to claim these deductions. In a recent case—Kalk, TC Memo 2024-82

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February 18, 2025 No Comments
Tax blog
iFind Taxpro

Tax Considerations for Professional Organizers

Navigating Home Office Deductions and Service Income for Decluttering Businesses The skill of decluttering does not apply only to your places – it can also affect the way you build finances. The intricacies of the tax system may be overwhelming

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February 1, 2024 No Comments
Tax blog
iFind Taxpro

Tax Implications of Remote Work

Understanding the Tax Consequences of Remote Work for Businesses and Individuals The COVID-19 pandemic has reshaped the way we work, with remote work becoming more prevalent than ever before. While remote work offers flexibility and convenience, it also brings about

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July 11, 2023 No Comments
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