KPM

Find What Your Looking For

Tag: Individual Tax

Adoption

A Guide For Household Employers On The Nanny Tax

Hiring household help, whether it’s a nanny, housekeeper, or gardener, can significantly ease the burden of childcare and daily chores. As a household employer, however, it’s critical to understand your

Adoption

Can Individuals Deduct Vehicle Expenses?

Business driving may come to mind when you think about tax deductions for vehicle-related expenses. However, businesses aren’t the only taxpayers that can deduct driving expenses on their returns. In

Adoption

Money-Losing Activities: Hobby Or Business?

Let’s say you consider your unincorporated sideline activity a business. Perhaps you offer photography services, create custom artwork, or sell handmade items online. Will the IRS agree that your venture