If you use part of your home for business, you may be able to deduct expenses for the business use of your home. These expenses may include mortgage interest, insurance, utilities, repairs, and depreciation. Refer to Home Office Deduction and Publication 587, Business Use of Your Home, for more information.
CVS closing 200 stores. In an effort to restore long-term, double-digit earnings, drug store retailer CVS Corp. announced that it plans to close 200 of its 4,100 stores, close its North Carolina distribution center and improve its in-store service.
Walmart is closing dozens of Sam's Club stores nationwide, according to numerous media reports. The retail giant announced late Thursday that it will shutter 63 of the stores, where member customers can buy products at discounted prices. Walmart said it will convert up to a dozen of those clubs into fulfillment centers for online orders. The other stores will be closed in the coming weeks. We know this is difficult news for our associates, and we are working to place as many of them as possible at nearby locations, Sam's Club CEO John Furner said in a statement.