American Recovery and Reinvestment Act of 2009 (ARRA) and Net Operating Losses
Because of the 2009 tax law change, if your business deductions for the year are more than your business income for the year, you may have a net operating loss, or NOL. It’s really important to understand the rules, compute the NOL correctly, and keep accurate records.
| 1 year ago | Home Office Deduction
More and more small business owners or self-employed people are running businesses out of their homes. If you use a portion of your home for business, you may be able to take a home office deduction, but you must meet certain requirements.
| 1 year ago |
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