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... |
Spring Cleaning: When Can You Purge Your Old Financial Records?
| Spring Cleaning: When Can You Purge Your Old Financial Records? |
| Feeling the urge to purge?... |
Update on Home Mortgage Interest Deductions
| If you own a home with a mortgage, you should receive an IRS form from your lender each year... |
Relying on Audit Techniques Guides
| Relying on Audit Techniques Guides |
| IRS examiners usually do their homework before meeting with... |