| Deductions for Daycare Providers |
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| Normally, a taxpayer seeking to take deductions for the business use of his or her home must meet the following qualifications: the business use of part of the home must be exclusive, regular, and for a trade or business AND the business part of the home must be either the principal place of business, the place where the taxpayer meets with clients, patients, or customers, or a separate structure not attached to the home. More... |
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| Public Disclosure Requirements for Exempt Organizations |
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| Tax-exempt organizations other than private foundations are now required to provide copies of certain tax documents to anyone who requests them. If the request is made in person, the organization is usually obligated to provide a copy immediately, and if the request is written, the exempt organization has 30 days to comply. These requirements are in addition to the exempt organization's obligation to make their tax documents available for public inspection. More... |
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| Deductibility of Meals Provided to Employees |
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| If you are an employer who provides meals for your workers, you may be able to deduct some or all of the cost of the meals. Generally, you are limited to a deduction of only 50 percent of the cost of those meals. However, under certain circumstances, you may be able to deduct the entire cost. More... |
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| Business Bad Debts |
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| A business bad debt is defined as a loss from an obligation that was either created or acquired in your trade or business or closely related to your trade or business when it became worthless. Whether or not a business bad debt is deductible depends on whether the amount owed was previously included in the taxpayer's gross income. More... |
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| Fraternal Societies |
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| Under the Internal Revenue Code, certain organizations and programs are exempt from income taxation. One type of organization that frequently seeks tax-exempt status is the fraternal society. More... |
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