Category Archives: Deductions

Tips to Know for Deducting Losses from a Disaster

The IRS wants taxpayers to know it stands ready to help in the event of a disaster. If a taxpayer suffers damage to their home or personal property, they may be able to deduct the loss they incur on their federal income … Continue reading

Posted in Accounting, Akron Accounting Firm, Akron Certified Public Accountants, Akron Ohio Community, Business, Business Owners, Deductions, Disaster, Federal Disaster Designation, Internal Revenue Service, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Keep in Mind These Basic Tax Tips for the Sharing Economy

If taxpayers use one of the many online platforms to rent a spare bedroom, provide car rides or a number of other goods or services, they may be involved in the sharing economy. The IRS now offers a Sharing Economy … Continue reading

Posted in Akron Accounting Firm, Akron Certified Public Accountants, Akron Ohio Community, Business, Deductions, Estimated Payments, Internal Revenue Service, Payment Options, Rentals, Sharing Economy Tax Center, Taxes, Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment