IRS Home Office Deduction-Small Business Tax Help

IRS Home Office Deduction-Small Business Tax Help

Small business owners working from home can significantly reduce their tax burden through the home office deduction, but many miss out due to confusion about eligibility requirements and claiming methods. This comprehensive guide explains which expenses qualify for...
S-Corporations; IRS form 1120S; Corporate Tax Returns

S-Corporations; IRS form 1120S; Corporate Tax Returns

If you operate an S-Corporation, understanding Form 1120S is essential for properly reporting your business income, deductions, and pass-through items to shareholders while maintaining IRS compliance. Form 1120S serves as the annual tax return for S-Corporations, a...