Tax Archives - The Usual Stuff

IRS Meals and Entertainment TCJA

Accounting & Finance Tax US Tax

New Meals & Entertainment Deductions Under Tax Cuts and Jobs Act

June 11, 2019June 11, 2019 Saad 0 Comments IRS, tax benefits, tax credit, tax return, TCJA

Previously, the IRS was quite lenient when it came to the business-related meals and entertainment deductions. 50% of such business

W-2 or 1099 for Babysitter

Accounting & Finance Tax US Tax

W-2 or 1099 for Babysitter? A Simple Guide to Help You Decide

May 14, 2019May 14, 2019 Saad 0 Comments 1040, 1099, 1099 Misc, tax benefits, tax relief, tax return, W-2

A few weeks ago, while providing Accounting and Tax-related services to one of my clients in the Real Estate niche,

Section 199A Deductions - Qualified Business Income - Easy Guide

Accounting & Finance Tax US Tax

Complete Guide of Section 199A Qualified Business Income Deduction

September 24, 2018September 24, 2018 Saad 0 Comments 1040, Form 1040, qualified business income, section 199A Deduction, tax benefits, tax return

2018 taxes are going to be due just after 4 months and you need to start preparing for it right

How to report rental income on US tax return

Accounting & Finance Tax US Tax

How to Report Rental Income on a US Tax Return

April 24, 2018 Saad 0 Comments 1040, 1065, 1120, 1120S, Schedule C, Schedule E, tax return, taxation

Whether you are a sole proprietor, working in a partnership business or as an incorporated business, you may need to

How to complete Schedule E

Accounting & Finance Tax US Tax

Schedule E – “What”, “Who”, “When” and “How”

April 24, 2018 Saad 2 Comments Schedule E, tax form, tax return, taxation

You know, what’s more grueling, tedious and tiresome than gathering all your year-long financial information to jot it down on

How to complete Schedule C Form 1040

Accounting & Finance Tax US Tax

Schedule C Form 1040 – How to Complete it?

April 24, 2018 Saad 2 Comments 1040, Form 1040, Schedule C, tax form, tax return, taxation

If you’re self-employed or manage your own business as a sole proprietor, chances are that you may need to report

Accounting & Finance Tax US Tax Xero

How to Prepare and File Xero 1099 MISC Form

November 23, 2017December 11, 2017 Saad 4 Comments 1099, 1099 Misc, tax return, Xero Accounting Software

If you happen to own a business in US, I’m sure you’re quite aware of what form 1099 is. Why

Accounting & Finance Tax US Tax

AOTC & LLC – Two Higher Education Tax Benefits For US Taxpayers

November 14, 2017January 17, 2018 Saad 2 Comments 1040, 1098-T, 8863, higher education, IRS, tax benefits, tax credit, tax return, taxation

No doubt, college and higher education in the US is expensive for sure. In fact, non-affordability is one of the

Job Hunting Expenses - tax benefits

Accounting & Finance Personal Finance Tax US Tax

How to Claim Tax Benefits on your Job Hunting Expenses

October 20, 2017October 21, 2017 Saad 2 Comments 1040, IRS, job search expenses, Schedule A, tax relief, tax return, taxation

Unemployed and looking for job? Did you know that you can claim job search tax deductions in your annual individual

IRS Tax Relief - Hurricane IRMA Victims

Accounting & Finance Tax US Tax

IRS Tax Relief for Hurricane IRMA Victims

September 18, 2017October 21, 2017 Saad 4 Comments Hurricane Harvey, hurricane irma, IRS, tax relief, taxation

Just like the tax relief for Hurricane Harvey victims, IRS has also announced bunch of tax relief for Hurricane IRMA

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