If I did not receive a Form 1099-MISC reporting the income I received as an independent contractor, then I don’t have to report the income on my tax return. It is not uncommon for companies to either overlook or intentionally fail to send Form 1099 to their...... click here to view full article

Business use of an automobile is common to virtually every small business. The cost of the automobile is deductible based on the percentage of business use. The taxpayer has the option of using the business percentage of actual amounts spent (including........... click here to view full article

Small home-based businesses have been touted as the last great opportunity for tax shelter. Maybe they are, but there are rules requiring that your business actually be a business and not merely a hobby for which you bring in a little cash to help cover costs. ... click here to view full article

The tax laws give preferential treatment to certain kinds of income and allow special deductions and credits for certain kinds of expenses. The alternative minimum tax attempts to ensure that anyone who benefits from these tax advantages will pay at least....... click here to view full article