Some taxpayers get tripped up assuming expenses are tax-deductible ... purposes it’s best to document who you entertained and what the specific business goal of the event was. If not, you ...

Here's a breakdown of when funeral expenses are tax deductible, how to document these expenses for estate deductions and ...

To calculate your deduction, multiply your business miles by the standard mileage rate for the year. For tax purposes ... information in an expense account book and not worry about keeping ...

Funeral expenses are generally not tax deductible on your personal income ... determining the taxable estate for federal estate tax purposes and must be claimed on IRS Form 706, United States ...

Opinions expressed by Forbes Contributors are their own. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Third-party promoters routinely market trust arrangements as a means ...

"If someone's medical expenses are likely not going to be more than 7.5% of their adjusted gross income, then it may not be ...

Opinions expressed by Forbes Contributors are their own. JD/CFP® helping LGBTQ entrepreneurs thrive in business and in life. Here are some guidelines to help you decide whether the type of ...

There is no deduction for employees' firearms or ammunition for federal tax purposes. How does the IRS prove business expenses ... The purchase of a firearm is not necessary if one is supplied by the ...

This is why it is not surprising that it is often asked whether individuals can include funeral expenses paid in their itemized deductions to reduce their annual tax burden. An individual person ...

Not sure where to start? Here are 10 small business tax deductions you don't want to miss. If you use your car for business purposes, you might be able to deduct car-related expenses such as ...

Your homeowners insurance premiums aren't tax deductible, but you might be eligible for other property-related deductions.

Expenses incurred in building an asset, including wages and benefits. Tax returns for small businesses generally allow deductions for business expenses, such as driving a company car for business ...