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    Recent Posts

    Valuable gifts to charity may require an appraisal

    Valuable gifts to charity may require an appraisal

    Inflation enhances the 2023 amounts for Health Savings Accounts

    Inflation enhances the 2023 amounts for Health Savings Accounts

    Thinking about converting your home into a rental property?

    Thinking about converting your home into a rental property?

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    Valuable gifts to charity may require an appraisal
    • May 19
    • 2 min

    Valuable gifts to charity may require an appraisal

    If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to...
    Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions
    • Apr 12
    • 2 min

    Taking the opposite approach: Ways your business can accelerate taxable income and defer deductions

    Typically, businesses want to delay the recognition of taxable income into future years and accelerate deductions into the current year....
    Are you eligible for a medical expense tax deduction?
    • Apr 7
    • 3 min

    Are you eligible for a medical expense tax deduction?

    You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but not...
    Can you deduct the costs of a spouse on a business trip?
    • Mar 8
    • 2 min

    Can you deduct the costs of a spouse on a business trip?

    If you own your own company and travel for business, you may wonder whether you can deduct the costs of having your spouse accompany you...
    Important tax aspects of operating your business as a sole proprietor
    • Feb 22
    • 2 min

    Important tax aspects of operating your business as a sole proprietor

    If you’re in business for yourself as a sole proprietor, or you’re planning to start a business, you need to know about the tax aspects...
    There’s a deduction for student loan interest … but do you qualify for it?
    • Feb 17
    • 2 min

    There’s a deduction for student loan interest … but do you qualify for it?

    If you’re paying back college loans for yourself or your children, you may wonder if you can deduct the interest you pay on the loans....
    Keeping meticulous records is the key to tax deductions and painless IRS audits
    • Feb 15
    • 3 min

    Keeping meticulous records is the key to tax deductions and painless IRS audits

    If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you...
    Are you eligible for a medical expense tax deduction?
    • Feb 10
    • 3 min

    Are you eligible for a medical expense tax deduction?

    You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax return? It’s possible but not...
    Numerous tax limits affecting businesses have increased for 2022
    • Feb 1
    • 2 min

    Numerous tax limits affecting businesses have increased for 2022

    Many tax limits that affect businesses are annually indexed for inflation, and several of them have increased for 2022. Here’s a rundown...
    Navigating the tax landscape when donating works of art to charity
    • Oct 14, 2021
    • 3 min

    Navigating the tax landscape when donating works of art to charity

    If you own a valuable piece of art or other property, you may wonder how much of a tax deduction you could get by donating it to charity....
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