IRS Press Release Archives

Is Your Home Office a Tax Deduction?

Many individuals have home offices, but are unclear on whether or not they can claim these home offices as tax deductions. The IRS explicitly states that home offices can be deducted from your taxes. However, …

No Estate Tax in 2010?

The estate tax, as of July 2010, is not currently in place. If individuals with large estates die, leaving their riches to their heirs, their heirs will not have to pay a dime to the …

Be Aware of Upcoming 1099 Changes

Included in the recent health care reform bill passed by Congress and signed by President Obama was a new rule regarding 1099 forms. As it currently stands, businesses must file 1099 forms for any service …

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