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Tax Payers

Launching a business? How to treat start-up expenses on your tax return

COVID-19, Deductions, Entrepreneurs, Small Business, Tax Deduction, Tax Planning /

While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses are being launched online to provide products and services to people staying at home. Entrepreneurs often don’t know that many expenses incurred by start-ups can’t be currently deducted. You should […]

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Student loan interest: Can you deduct it on your tax return?

(CARES ACT), AGI (Adjustable Gross Income), Coronavirus Aid (CARES Act), Deductions, Doucment Retention /

The economic impact of the novel coronavirus (COVID-19) is unprecedented and many taxpayers with student loans have been hard hit. The Coronavirus Aid, Relief and Economic Security (CARES) Act contains some assistance to borrowers with federal student loans. Notably, federal loans were automatically placed in an administrative forbearance, which allows borrowers to temporarily stop making

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