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OlgaS
Employee Tax Expert
Employee Tax Expert
Member profile
Enrolled Agent with 11 years of tax preparation experience. Specializes in all forms : 1040, 1120, 1120-S,1120-H, 1065, 990s,1041s, etc.
Latest badges earned
  • Unfortunately, you can't deduct any expenses for W2 job. You can no longer claim a deduction for unreimbursed employee expenses unless you fall into one of the ...
    OlgaS
    Updated May 22, 2024
  • You can deduct Processing fees as an expense for your business. Based on the tax form, it will be in different places, but it is counted as Business expense. Th...
    OlgaS
    Updated May 22, 2024
  • Yes, you can claim your eligible expenses when they occur to support your business, even if you do not have income that year. But you have to be careful, as if ...
    OlgaS
    Updated May 22, 2024
  • You can assign your car expenses to one of your property, there is no need to separate expenses for car between properties. I suggest to take the most profitabl...
    OlgaS
    Updated May 22, 2024
  • Sole proprietor has the most unsecure status. In case if someone will sue you, they can have an access to your personal assets. LLC and Corporations are separat...
    OlgaS
    Updated May 22, 2024
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