3 genuine ways to deduct 100% of business meals
Do you want to write off business meals? You’re not alone. Thanks to a new law enacted December 27, 2020, new IRS regulations, and a new IRS notice (yep, all three are new), you have fresh opportunities to deduct 100% of your business meals. For 2021 and 2022, you can deduct 100 percent of your…
Which Business Expenses Can You Deduct?
Are you self-employed? If so, how do you know which business expenses you can deduct? Do you ever worry about raising a red flag on your tax return? It’s not always easy to determine which business expenses to write off. Let’s review the different types of business expenses and how you can deduct the most…
5 Tax Deductions That Could Get You in Trouble
You’ve filed your tax return for the year. You feel good about it. However, I’m here to warn you about 5 tax deductions that could get you in trouble. It’s super common for taxpayers especially self-employed individuals to make write-off mistakes. It’s simply because you never learned the dos and don’ts of write-offs. You might…