Taxpayers were not entitled to deduct payments made related to out-of-state businesses as business expenses or losses, held the U.S. Tax Court, sustaining the IRS’s determinations of tax and additions ...

For example, there are certain tax breaks and deductions that are afforded to small business owners and self-employed ...

An S corporation generally does not pay any income tax. All items of income and loss ... making the cost of your home a business expense Have been in business for many years and have strong ...