NEWS & RESOURCES

IRS Tax Cuts and Jobs Act eliminated miscellaneous itemized deductions.

Nov 27, 20181 min read

The effect of the elimination of the miscellaneous itemized deductions in the IRS Tax Cuts and Jobs Act is that those who run an activity as a hobby rather than a business must still report income but can’t deduct expenses. #tax #tcja #business #hobbies #expenses

Recent Posts

See All

2019 TCJA Checklist

https://www.accountingtoday.com/list/a-tax-cuts-and-jobs-act-checklist-for-2019

IRS New tax law allows small businesses to expense

The Internal Revenue Service today reminded small business taxpayers that changes to the tax law mean they can immediately expense more...

Before the IRS knocks on your door contact us. We can help you resolve your tax issues.

Our firm W Menchero Certified Public Accountant LLC can help you resolve your tax issues regarding unfilled returns and delinquent taxes...

NEWS & RESOURCES

IRS Tax Cuts and Jobs Act eliminated miscellaneous itemized deductions.

Recent Posts

Commentaires