Is Your Sideline Activity a Business or a Hobby? Do you have a sideline activity that you think of as a business? From this sideline activity, are you claiming tax losses on your Form 1040? Will the IRS consider your sideline a business and allow your loss deductions? The IRS
Audits have declined in recent years, owing to a loss of 30 percent of the IRS’ enforcement staff since 2010. In fiscal year 2016, the agency says it audited nearly 1.2 million tax returns, or just 0.6 percent of the total. Seven out of 10 audits were conducted after a
Always make sure you have your return prepared by someone qualified to do so. Check out this article from the IRS, Ten Tips for Choosing a Tax Preparer. We train our employees each year with continuing education classes to make sure we all know the newest tax laws to prepare
WE ARE OPEN AND PROCESSING RETURNS! All returns will be e-filed in the order that they are done, so beat the rush and get in here!! Use our expedited drop off service! Call 304-929-5995 today. “The Internal Revenue Service announced today that the nation’s tax season will begin Monday, Jan.