by Rocky Mountain Accounting | Jul 5, 2017 | Uncategorized
IJuly 19, 2013 A vacation home can be a house, apartment, condominium, mobile home or boat. If you own a vacation home that you rent to others, you generally must report the rental income on your federal income tax return. But you may not have to report that income if...
by Rocky Mountain Accounting | Jun 28, 2017 | Uncategorized
Receiving a bonus at work usually happens toward the end of the year. Employers pay bonuses as a reward to employees for their hard work during the year, with many companies using a bonus as an incentive to motivate employees. While a bonus represents a great...
by Rocky Mountain Accounting | Jun 28, 2017 | Uncategorized
We can’t caution you enough about all of the scams that are out there. Please follow the link here in the article to read about all of the latest scams that have been going on this summer. Be smart and educate yourself. Don’t become a victim to the scams....
by Rocky Mountain Accounting | May 30, 2017 | Uncategorized
The Internal Revenue Service reminds small business owners who work from a home office that there are two options for claiming the Home Office Deduction. The Home Office Deduction is often overlooked by small business owners. Regular Method The first option for...
by Rocky Mountain Accounting | Apr 27, 2017 | Uncategorized
As a business or rental owner, you are required to send 1099-Misc. forms to individuals and businesses for services they provided, if the total comes to $600 or more for the year. The $600 limit is per year, not per job. These services provided to you can include...
by Rocky Mountain Accounting | Apr 26, 2017 | Uncategorized
When it comes to taxes, many taxpayers are hesitant to throw away even the tiniest scrap of paper. It’s true that the Internal Revenue Service (IRS) wants you to hang onto your important tax records. But that doesn’t mean that you have to keep your tax...
