Weekly Tax Bite
Must I deduct all my business expenses?Client says mortgage broker suggested that they remove their business expenses to look more appealing for a mortgage. ie Their income would falsely appear to be higher. “If I didn’t claim all of my business expenses, how much would I owe in tax?”Unfortunately, it doesn’t work like that. Rev. Rul.
Coming soon – Tony Stark v IRS?When you think of Robert Downey Jr. today, chances are good you immediately picture him as Tony Stark, aka Iron Man, from the Marvel cinematic universe. He’s one of the most famous faces out there, and he demands huge paychecks for his role in one of the biggest smash
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