Planning for Year-End Gifts with the Gift Tax Annual Exclusion
As we approach the holidays and the end of the [...]
You Can Only Claim a Casualty Loss Tax Deduction in Certain Situations
In recent weeks, some Americans have been victimized by hurricanes, [...]
Getting a Divorce? Be Aware of Tax Implications if You Own a Business
If you’re a business owner and you’re getting a divorce, [...]
ABLE Accounts May Help Disabled or Blind Family Members
There may be a tax-advantaged way for people to save [...]
Scholarships are Usually Tax Free but They May Result in Taxable Income
If your child is fortunate enough to be awarded a [...]
5 Possible Tax Aspects of a Parent Moving into a Nursing Home
If you have a parent entering a nursing home, you [...]
The Deductibility of Corporate Expenses Covered by Officers or Shareholders
Do you play a major role in a closely held [...]
There’s Currently a “Stepped-Up Basis” if You Inherit Property — but Will it Last?
If you’re planning your estate, or you’ve recently inherited assets, [...]
Can Taxpayers Who Manage their Own Investment Portfolios Deduct Related Expenses? It Depends
Do you have significant investment-related expenses, including the cost of [...]
IRS Audits May be Increasing, so be Prepared
The IRS just released its audit statistics for the 2020 [...]
