Inadequate Records Lead to Unfavorable Results for Taxpayers
| Federal tax law allows deductions for many items, such as legitimate business expenses and... |
Real Estate Investors: Let’s Talk about Like-Kind Exchanges
| Are you thinking about divesting a real estate investment and then replacing it with another... |
Casualty and Theft Losses: Find the Silver Lining in Dark Clouds
| We’re in the midst of hurricane season now, but the eastern and southern shores aren’t the... |
Do You Have a Deductible Business Loss or a Nondeductible Hobby Loss?
| There’s a fine line between businesses and hobbies under the federal tax code. If you engage... |
Unlock the Biggest Possible Deduction for a Home Office
| The IRS recently issued a reminder about claiming the home office deduction. In particular,... |
Consider Taxes before Converting Your Home to a Rental Property
| Have you ever thought about becoming a landlord? This option may be tempting if your local... |
Wedding Bells and Taxes: Tax Issues to Consider Before Tying the Knot
| Summer — the traditional wedding season — is just around the corner. Marriage changes life in... |
Capital vs. Ordinary: Classifying Income and Losses Affects Your Taxes
| Most of the time, how to classify gains and losses from selling an asset is fairly... |
The Ins and Outs of Deducting Legal Expenses
| The Ins and Outs of Deducting Legal Expenses |
| Legal expenses incurred by individuals are... |