Nice and horrible issues occurred in, and for these individuals submitting taxes because the proprietor of a enterprise, or a freelancer working as a contractor, the unprecedented circumstances make for an unprecedented tax season.
Maybe you spent all of final yr working from house as a freelancer and now are considering, for the primary time in your life, making an attempt to assert the den as a workspace deduction. Maybe you took up a second supply of revenue within the type of being a Lyft driver and now want to include that ride-sharing revenue into your different enterprise earnings. Maybe you needed to pay for workers who had been abruptly solely working a part of the time as a result of they had been caring for a beloved one with the coronavirus.
Maybe you place half your organization’s capital into Bitcoin, as a hedge