Part 16: Recordkeeping & Accounting — The IRS-Proof System for Home-Business Owners
A complete 2025 guide to IRS-approved recordkeeping for home-business owners — including digital records, receipts, categories, software tools, and retention rules.
Practical Tax Insights & EA Exam Resources from a U.S. Enrolled Agent
A complete 2025 guide to IRS-approved recordkeeping for home-business owners — including digital records, receipts, categories, software tools, and retention rules.
A complete 2025 guide to health insurance and medical expense deductions for home-business owners.
Covers self-employed health insurance rules, eligible premiums, medical itemized deductions,
and tax-free employee benefits.
Learn how inventory works for home-business owners in 2025. This guide explains what counts as inventory, deductible costs, simplified small-business methods, and how COGS reduces your taxable income.
Learn how the IRS determines whether your home business is a real business or a hobby, and how to protect your deductions for the 2025–2026 filing seasons.