Tax Tips
Home and Family Taxes
S Corporation, old expenses | S Corporation, old expenses |
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I have receipts from various business related out-of-pocket expenses that are more than 2 years old. I have been just collecting the receipts but never expensed them. Total amount of these receipts is well below $1,000. Is there a limit as to how far back I can go for expensing out-of- pocket business related purchases? Read Entire Article |
While nobody likes filing tax returns, most people are rewarded handsomely for their efforts: About 75% of taxpayers get a refund, according to the Internal Revenue Service. In 2005, the average refund rang in at more than $2,000, a nice chunk of change.
| AP - More than 3 million people will have to wait until February to get their tax refunds because of Congress' late fix to the alternative minimum tax, the IRS said Thursday. | |
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