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Recent Articles

Can Cellphone Expenses Be Tax Deductible with a Business?
Cellphones have become just as vital to business as a land line, which makes cellphone use a legitimate, deductible business expense. But for most of us, cellphones are also inextricably linked to our personal lives, so it’s a deduction that the IRS scrutinizes very carefully to make sure personal electronics use isn’t being claimed as a business expense. Read more…

Business Use of Vehicles
If you use vehicles in your small business, how and when you deduct for the business use of those vehicles can have significant tax implications. It pays to learn the nuances of mileage deductions, buying versus leasing and depreciation of vehicles. Special rules for business vehicles put in use in 2017 can deliver healthy tax savings. Read more…

What Is the IRS Form 4562?
If you've purchased property to use in your business, you can deduct a portion of your costs by claiming a depreciation deduction and reporting it on IRS Form 4562. Read more…

Taking Business Tax Deductions
TurboTax will show you the money-saving tax deductions you can take as a small business owner. Read more…

Reporting Self-Employment Business Income and Deductions
Self-employed taxpayers report their business income and expenses on Schedule C. TurboTax can help make the job easier. Read more…

More Small Business Taxes Articles

How Do You Get a Business Tax ID Number? When the IRS Classifies Your Business as a Hobby Filing a Business Tax Extension Video: Can I Deduct the Cost of a New Computer on My Taxes? What is Form 8919: Uncollected Social Security and Medicare Tax on Wages Business Tax Preparation Tax Advantages to Incorporating How an S-Corp Can Reduce Your Self-Employment Taxes Who Pays the Transient Occupancy Tax? Is Interest on Credit Cards Tax Deductible? Estimated Taxes: How to Determine What to Pay and When When and How to Incorporate Does Your Company Need to File Form 1095-B? LLC Tax Filing Rules What is Form 8903: Domestic Production Activities Deduction The Home Office Deduction Maximizing Tax Deductions for the Business Use of Your Car Do Chapter Sub S Corps File Personal Tax Returns? Estimated Taxes: Common Questions Managing Assets What is Schedule F: Profit or Loss from Farming What is Form 8881: Tax Credit for Small Employer Pension Plan Startup Costs Standard Mileage vs. Actual Expenses: Getting the Biggest Tax Deduction Video: What is Schedule C-EZ: Profit or Loss from a Business? Summary of Business Tax Law Changes 2010-2017 Tax Tips for Sole Proprietors How to Pay Employer Federal Taxes What is IRS Form 8829: Expenses for Business Use of Your Home What Online Business Owners Should Know about IRS Form 1099-K How the PATH Act Benefits Small Business Owners Driving Down Taxes: Auto-Related Tax Deductions Mobile Phones, Internet and Other Easy Tax Deductions Can I Write Off Credit Card Interest on My Taxes? New Small Business Legislation Benefits Both Businesses and Individuals Depreciation of Business Assets Starting a Business Little-Known Tax Tips for Small-Business Owners Closing a Business Limited Liability Company Taxes Small Business Break: Get a Refund of Taxes Paid in Previous Years Can I Convert My LLC to an S-Corp When Filing My Tax Return? Video: IRS Rules for Reasonable Business Expenses What Is the IRS Form 941? Video: Tax Tips for Small Businesses S-Corp Federal Tax Filing Dates Are 501C3 Stock Investment Profits Tax-Exempt? How to File Federal Income Taxes for Small Businesses What Is IRS Form 720? What is a Schedule K-1 Tax Form? Penalties for Not Filing a 1099-Misc IRS Form Video: Guide to Payroll Taxes What Is Schedule J: Income Averaging for Farmers and Fishermen What Is Form 8941: Credit for Small Employer Health Insurance Premiums Startup Business Tax Tips Affordable Care Act (Obamacare) Survival Guide For ALEs How Does IRS Form 1095-B Affect Small Businesses? What is Form 4136: Credit for Federal Tax Paid on Fuels A Guide to Paying Quarterly Taxes
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