by Steven J Weil, PhD, EA, LCAM | Jan 6, 2023 | Blog, Business Tax
If so, start-up expenses would be deductible as ordinary and necessary business expenses if incurred after the business is underway. If expenses were incurred before the business is up and running you can elect to deduct up to $5,000 in pre-opening start-up expenses...
by Steven J Weil, PhD, EA, LCAM | Jan 4, 2023 | Blog
Here’s what you need to know about the $1.7 trillion spending bill passed by Congress and signed by the President, known as the Consolidated Appropriations Act of 2023 (CAA). This is the largest spending bill in history, and other than authorizing the government to...
by Steven J Weil, PhD, EA, LCAM | Jan 2, 2023 | Blog, Personal Tax
The simple 1040 return that was never really simple just got more complicated. The new 1040 for 2022 includes lots of changes to what we have seen in the past. These changes include more reporting on page on of the 1040, with 11 new items to track. It also includes a...
