Possible Deductions for Taxes Consult this list of 75 possible tax deductions for business owners. It’s just a start and not every one of these items is always a legitimate deduction. For example, you may be able to deduct entertainment expenses, but only when entertaining a client, customer or employee, while also meeting particular IRS […]

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Twenty-four hours after first announcing that several of its tax processing systems and tools went down, the IRS said Thursday its programs were back up and running. “Our processing systems are back in business. Taxpayers should see little, if any, impact on their tax returns or refunds,” the agency said. “We apologize for the inconvenience […]

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