Can a self-employed taxpayer still use the home office deduction?
- August 27th, 2020
- David Greene
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In a recent blog I discussed that unreimbursed employee expenses for a W-2 employee were no longer allowed as a miscellaneous deduction after 2017. However, that is not true for self-employed taxpayers who report their business on a Schedule C…
Which people get in tax trouble the most?
- March 12th, 2020
- David Greene
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I can’t say that there is any one group that tends to get in trouble more than any other, but there is one type of taxpayer who tends to get in trouble frequently. Self employed people tend to find themselves…
When does one have to pay Estimated Taxes?
- July 25th, 2019
- David Greene
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The answer depends on how much you owe on your current year’s tax return. However, here are five general tips to help you decide if you should be paying Estimated Taxes. (1) If you have income from self-employment, alimony or…
How can the IRS levy a self-employed person?
- April 26th, 2016
- David Greene
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Although the IRS cannot levy a self-employed person’s income in the usual way, i.e. sending the Notice to his employer to withhold money from his paycheck, they can still levy that person. One way is to send a levy notice…