Many people don’t realize that if they are self-employed, they may be able to deduct premiums paid for dental, medical, and qualifying long-term care insurance coverage for themselves, their spouses and any dependents. If you are self-employed, this is a deduction that you certainly want to take advantage of.
When I prepare a tax return I depreciate items if they meet the following 5 tests:
What is an Enrolled Agent? Is it the same as a CPA (certified public accountant)? Can an Enrolled Agent (EA) do taxes? Sign financial statements? Represent clients before the IRS (www.irs.gov) and the state departments of revenue?
There are many reasons why you need an Enrolled Agent to draw up your tax return in Denver, here are the top four.