All Posts by Suzanne Shively

Employee Business Expenses

Don’t know what you can write off as an employee business expense – read below. If you itemize deductions and are an employee, you may be able to deduct certain work-related expenses. The IRS has put together the following facts to help you determine which expenses may be deducted as an employee business expense.

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Child and Dependent Care Credit

Ten things you may want to know about the child and dependent care credit!  Read what the IRS wants you to know! If you paid someone to care for your child, spouse, or dependent last year, you may be able to claim the Child and Dependent Care Credit on your federal income tax return. Below are […]

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Seven Tips About Rental Income and Expenses

Do you rent property to others? If so, you’ll want to read the following seven tips from the IRS about rental income and expenses. You generally must include in your gross income all amounts you receive as rent. Rental income is any payment you receive for the use of or occupation of property. Expenses of […]

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How to Depreciate Land

Here is an interesting article I found about depreciating your land!  Read below. Depreciation is the deduction you take to expense and recover the cost of a business or investment asset. If that asset has a useful life of more than one year, normally the IRS requires you to write off the cost over that […]

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Free Tax Assistance Available

Read what the IRS reports about free tax assistance! Over 12,000 free tax preparation sites will be open nationwide this year as the Internal Revenue Service continues to expand its partnerships with nonprofit and community organizations providing vital tax preparation services for low- to moderate-income and elderly taxpayers. The IRS Volunteer Income Tax Assistance (VITA) […]

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Taxable or Non-Taxable Income

Do you know what is taxable and non-taxable income?  Find out what the IRS considers non-taxable income in time for filing your taxes! Generally, most income you receive is considered taxable but there are situations when certain types of income are partially taxed or not taxed at all.

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