Form 8829 is used to claim the home office deduction by calculating the business-related portion of home expenses. Self-employed individuals and freelancers can deduct costs such as rent, utilities ...

Operating a business requires understanding Internal Revenue Service regulations or having someone on call or on staff who understands IRS rules and takes care of taxes. You can deduct many expenses ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

The Internal Revenue Service proposed regulations Monday for a provision of the Tax Cuts and Jobs Act that limits the business interest expense deduction for some kinds of taxpayers. A woman walks out ...

The Internal Revenue Service and the Treasury Department released new guidance Monday on computing the business interest expense limitation under the new Tax Cuts and Jobs Act. In the recent tax ...

Order the Steak! IRS to Reinstate Dining Expense Write-Off The IRS is expected to release details saying meal expenses involving business clients will once again, in most cases, be 50% deductible. But ...

But Congress may act to enable taxpayers to deduct expenses paid with PPP loan proceeds On April 30, 2020, the IRS released guidance disallowing deductions for otherwise deductible expenses if payment ...

In Notice 2018-28, the IRS answered a number of important questions about the new business interest limit in Sec. 163(j), as amended by P.L. 115-97, known as the Tax Cuts and Jobs Act (TCJA), and ...