How to reduce your tax liability... another words...How to get more money back on your tax return!
Under the Tax Cuts and Jobs Act (TCJA) the provisions (which
takes effect beginning with the 2018 tax year) WILL
dramatically affect employees who incur unreimbursed
expenses related to their job (such as home office expenses,
union dues, work-related education, job searches, legal fees,
subscriptions to trade journals, etc.), it DOES NOT affect
small business owners or self-employed persons, who can
declare business expenses on IRS Form 1040, Schedule C
(Profit or Loss from Business).
I know it sounds sooo complicated...it is meant to be. Bottom line is if you have a hobby
or if you do something on the side (braid hair, paint, language interpreter, computer tech
etc.) just about anything-that you could actually build as a business.
If you have any questions or want other tips
about how to start your own business- that
will apply THIS TAX RETURN, don't
hesitate to contact me. We are committed to
helping you lower your tax liability and
consultation is at NO COST!
Sincerely,
Suzanne Lockhart, AFSP, ERO
Alliance Tax Preparation LLC
suzannel@alliancetaxprep.com
