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Tag Archives: Hoorfar Law
Tax Rules for Children Who Have Investment Income
Some children receive investment income and are required to file a federal tax return. If a child cannot file his or her own tax return for any reason, such as age, the child’s parent or guardian is responsible for filing … Continue reading
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Tagged Hoorfar Law, Internal Revenue Service, Invested Income, IRS, tax return
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Itemizing vs. Standard Deduction: Six Facts to Help You Choose
When you file a tax return, you usually have a choice to make: whether to itemize deductions or take the standard deduction. You should compare both methods and use the one that gives you the greater tax benefit. The IRS … Continue reading
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Tagged Hoorfar Law, Internal Revenue Service, IRS, Itemize Deductions, Standard Deduction, Tax Deductions
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Home Office Deduction: a Tax Break for Those Who Work from Home
If you use part of your home for your business, you may qualify to deduct expenses for the business use of your home. Here are six facts from the IRS to help you determine if you qualify for the home … Continue reading
Posted in General
Tagged Home Office Deduction, Hoorfar Law, Internal Revenue Service, IRS, Tax Break
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