Substantiating Your Charitable Gifts
Not all charitable gifts are the same—different types require different documentation for a tax deduction. Learn more in this week’s Tax Tip.
Gift Idea: Grandchild IRA
If your grandchild worked over the summer, consider funding an IRA for them. Read all about it in this week’s Financial Tip.
New Business? First-Year Deduction Strategies
Not all start-up business expenses are deductible in the first year. We offer first-year deduction strategies in this week’s Business Tip.
Are You a Non-Filer? Ready to Escalate Problems with the IRS?
Don’t file your taxes because your income is below the threshold? The IRS knows all about you and what you earn. Read all about it in this week’s Tax Tip.
Partners May Not Be Employees
If your partnership treats you as an employee so you receive employee benefits, the IRS is putting a stop to it. Learn more in this week’s Business Tip.
The Good and Bad Tax News of Winning an Employment Lawsuit
If you’re involved in a lawsuit with your employer, your settlement may be taxable. Read all about it in this week’s Tax Tip.
Deducting Losses on Rental Property
Our experts discuss the possible tax write off a taxpayer may be able to take when the taxpayer suffers a loss on a rental property.
Is an ABLE account subject to federal tax?
Assets in an ABLE account for a disabled person are generally not subject to income tax, but there are some exceptions. We explain in this week’s Tax Tip.
Combining a Vacation With a Foreign Business Trip
Business trip to Paris? Sure! Weekend stay? Why not! Can your spouse tag along? Perhaps! Is it tax deductible? We explain in this week’s Business Tip.
Understanding the Net Investment Income Tax
If your modified adjusted gross income exceeds the thresholds, the net investment income tax applies. Learn more in this week’s Tax Tip.