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Planning for year-end gifts with the gift tax annual exclusion
Factor in taxes if you’re relocating to another state in retirement
Many factors are involved when choosing a business entity
American Families Plan
American Rescue Plan
Business Tax Credits
Paycheck Protection Program
Oct 14, 2021
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....
Sep 28, 2021
Tax depreciation rules for business automobiles
If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are...
Sep 14, 2021
Claiming a theft loss deduction if your business is the victim of embezzlement
A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it...
Aug 12, 2021
5 possible tax aspects of a parent moving into a nursing home
If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications....
Aug 5, 2021
You may have loads of student debt, but it may be hard to deduct the interest
More than 43 million student borrowers are in debt with an average of $39,351 each, according to the research group EducationData.org. If...
Aug 3, 2021
The deductibility of corporate expenses covered by officers or shareholders
Do you play a major role in a closely held corporation and sometimes spend money on corporate expenses personally? These costs may wind...
Jul 27, 2021
Getting a new business off the ground: How start-up expenses are handled on your tax return
Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June...
Jul 22, 2021
Can taxpayers who manage their own investment portfolios deduct related expenses? It depends
Do you have significant investment-related expenses, including the cost of subscriptions to financial services, home office expenses, and...
Jul 15, 2021
Seniors may be able to write off Medicare premiums on their tax returns
Are you age 65 and older and have basic Medicare insurance? You may need to pay additional premiums to get the level of coverage you...
Jul 13, 2021
10 facts about the pass-through deduction for qualified business income
Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to...