The Home Office Deduction

If you use a part of your home for your business or for your employer’s business, you can claim a deduction for the business use of your home. This deduction is also referred to as the home office deduction. There are some tests that you must meet to be eligible for this deduction; these are…

Details

Taxpayers Receiving Identity Verification Letter Should Use ID Verify.irs.gov

The Internal Revenue Service today reminded taxpayers who receive requests from the IRS to verify their identities that the Identity Verification Service website, idverify.irs.gov, offers the fastest, easiest way to complete the task. Taxpayers may receive a letter when the IRS stops suspicious tax returns that have indications of being identity theft but contains a…

Details