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2. Taxation of illegal income in the United States - Wikipedia

   en.wikipedia.org/wiki/Taxation_of_illegal_income...

   A person with income from selling a Schedule I substance is allowed to take a tax deduction for the cost of goods sold but not any other tax deductions. [19] [21] Unlike for other business activities, tax deductions are not allowed for ordinary and necessary business expenses such as rent, utilities, and advertising. [22]

3. Business and occupation tax - Wikipedia

   en.wikipedia.org/wiki/Business_and_occupation_tax

   The business and occupation tax (often abbreviated as B&O tax or B/O tax) is a type of tax levied by the U.S. states of Washington, West Virginia, and, as of 2010, Ohio, [1] and by municipal governments in West Virginia and Kentucky. [2] It is a type of gross receipts tax because it is levied on gross income, rather than net income.

4. Above-the-line deduction - Wikipedia

   en.wikipedia.org/wiki/Above-the-line_deduction

   v. t. e. In the United States tax law, an above-the-line deduction is a deduction that the Internal Revenue Service allows a taxpayer to subtract from his or her gross income in arriving at "adjusted gross income" for the taxable year. These deductions are set forth in Internal Revenue Code Section 62. A taxpayer's gross income minus his or her ...

5. Work From Home Tax Deductions: How To Claim Them - AOL

   www.aol.com/finance/home-tax-deductions-claim...

   Working from home became a norm and a need during the COVID-19 pandemic, a trend that many people continue to embrace. In fact, a quarter of Americans are currently doing so despite the relative ...

6. Tax Tips: Where do I find free printable tax forms? - AOL

   www.aol.com/2008/01/09/tax-tips-where-do-i-find...

   Tax forms are available on the Internal Revenue Service website. In addition to offering tax forms and instructions online, the IRS also offers lots of resources to help you understand your taxes ...

7. How to Do Your Taxes if You're a Homeowner - AOL

   www.aol.com/news/2013-02-22-tax-advice...

   Provided you are actually eligible for the home office deduction (learn more so you don't get audited), deducting the expense could either be a smart decision or a poor one. That's because once ...

8. IRS tax forms - Wikipedia

   en.wikipedia.org/wiki/IRS_tax_forms

   1040. As of the 2018 tax year, Form 1040, U.S. Individual Income Tax Return, is the only form used for personal (individual) federal income tax returns filed with the IRS. In prior years, it had been one of three forms (1040 [the "Long Form"], 1040A [the "Short Form"] and 1040EZ - see below for explanations of each) used for such returns.

9. 20 valuable small-business tax deductions - AOL

   www.aol.com/finance/20-valuable-small-business...

   Bankrate insight. A marketing business owner travels across the U.S. to meet clients. In 2023, they traveled 5,000 miles in total. They can deduct $3,275 ($0.655 for 2023 standard mileage rate x ...