The Internal Revenue Services (IRS) classifies rent as a personal expense, which means it does not qualify for a federal tax ...

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's ...

Small businesses that are sole proprietorships, partnerships or limited liability corporations are allowed to deduct costs for workers' compensation insurance from their federal and state taxes.

Did you know that self-employed individuals face unique challenges when seeking compensation for lost wages after car ...

Forbes contributors publish independent expert analyses and insights. Robert W. Wood is a tax lawyer focusing on taxes and litigation.

If the person for whom you are claiming the medical expense is already approved for the disability tax credit for 2024, you do not need to send a new Form T2201. A claim can be made for expenses paid ...

Please be advised that the Canada Arts Presentation Fund (CAPF) General Application Form has been revised. This new version is in use for the Programming Component ...

ljubaphoto / Getty Images The main difference between accrual and cash basis accounting lies in the timing of when revenue and expenses are recognized. The cash method provides an immediate ...