Archive for October 2014
Hobby or Business? Why It Matters
Millions of Americans have hobbies such as sewing, woodworking, fishing, gardening, stamp and coin collecting, but when that hobby starts to turn a profit, it might just be considered a…
Read MoreReduce Your Taxes with Miscellaneous Taxes
If you itemize deductions on your tax return, you may be able to deduct certain miscellaneous expenses, which might reduce your federal income tax. Examples include employee expenses and fees…
Read MoreTips on Travel While Giving to Charity
Do you plan to donate your services to charity this this year? Will you travel as part of the service? If so, some travel expenses may help lower your taxes…
Read More6 Tips on Gambling Income and Losses
Whether you play the lottery, roll the dice, play cards, or bet on the ponies, all of your gambling winnings are taxable and must be reported on your tax return.…
Read MoreTax Tips for Self-Employed Taxpayers
If you are an independent contractor or run your own business, there are a few basic things to know when it comes to your federal tax return. Here are six…
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