Form 8594 and Form 4797 should be attached to your final tax return in order to report the sale of your business assets. The Asset Acquisition Statement is a form that both the buyer and the seller ...

With the regular method, your deduction is calculated based on the percentage of your home that is occupied by your home office. With this method, direct business expenses can be deducted in full.

When you finance equipment, you can deduct ... incurred by the business become regular deductions. How do I deduct equipment lease payments? Rent may be considered as a deduction if the contract is a ...

State and local taxes, or SALT, are itemized deductions capped at $10,000 per year. SALT includes amounts paid for personal property taxes, property taxes on real estate, sales tax, and state and ...