GIG ECONOMY AND TAXES
Gig economy work became very popular in the past few years. Its important to know about tax implications and allowable business expenses.
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Dennis Ovchinnikov
- Sep 8
- 2 min
Meals and Entertainment Expenses
Business can deduct 50 percent of the cost of meals as a business expense if the requirements are met.
Natalia Moskaleva
- Aug 31
- 2 min
Selling your home. Tax and Exclusions.
Tax ramifications on a sale of your home. When you can qualify for a maximum or partial exclusion amount.
Dennis Ovchinnikov
- Aug 23
- 2 min
Inflation Reduction Act 2022
Overview of some provisions of the Inflation Reduction Act that may be of interest to our clients.
Natalia Moskaleva
- Aug 16
- 2 min
How and Why IRS Agency Representatives May Reach Out
What IRS agents do when they need to establish contact with you
Dennis Ovchinnikov
- Aug 9
- 2 min
How to deduct car expenses for sole proprietor or an independent contractor.
If you use your car for business purposes, you may deduct a part of its cost of ownership and operation.
Natalia Moskaleva
- Aug 2
- 1 min
Things you need to know about ITIN
ITIN- Individual Tax Identification Number (also known as “Tax ID”). Issued for Individuals EIN-Employer Identification Number. Issued...