Employee Tax Expert
Member profile
Howdy! I've been in this community since 2020 and love the resources and sharing. This is a wonderful place to come and be educated on a multitude of topics. I enjoy helping, but am also quite often helped here. I have an Enrolled Agent credential from the IRS.
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Neither the FEIE or the Standard Deduction can reduce your taxable income below zero, so there will be no carryover in this case. Thank you for clarifying!!!
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Here's a great list to consider: TurboTax Tax Moves The SEHI deduction - Self Employed Health Insurance and SEP retirement plans are often overlooked. Hope thi...
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It sounds like you may have a Net Operating Loss carryover available to carry forward to next year to offset some income then. If you used TurboTax this year, ...
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In order to make an entity declaration as an S-Corp you'll need to file an entity election with an effective date no earlier than 75 days prior to making the el...
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Yes, you can deduct business related mileage, and it is very important to keep good records of the mileage. Some people use a paper log/report, others use phone...
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- Got Cheered for Re: before 2024 year end - is there a list of tax moves you recommend sole proprietors/solopreneurs consider?. November 13, 2024 4:01 PM
- Posted Re: before 2024 year end - is there a list of tax moves you recommend sole proprietors/solopreneurs consider? on Business & farm. November 13, 2024 3:58 PM
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