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Business can be complicated, and not doing so correctly can be costly. here are five common tax mistakes you should avoid. one, not keeping track of expenses. you can't deduct what you can't document, so keep records as you go. two, avoiding the home office deduction. there's no reason not to take it. if you do qualify, you can right off a percentage of your home expenses including rent, utilities, and insurance costs. three, mixing equipment and supplies. things that you use during the year like printer paper and pens count as supplies. while equipment is usually typical of higher value items...

>> gretchen: if you have old bowls collecting dust? >> imagine if one is worth several millions dollars. they spent three bucks and it was worth three million. how do you recognize high value items from everyday junk. figure out what is trash and what is treasure, right? >> yes, a lot of people are coming to us asking us what to look for. the first and foremost on your valuables, look for hallmarks. >> steve: what is hallmarks? >> imprints to tell what it is. there could be years, there could be a brand. there could also be the card of gold. these earrings, look for it on the back where there ...

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