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.
Surviving Spouse Estate Tax Exclusion
The estate of the decedent may elect to pass any unused lifetime exclusion to the surviving spouse. Read more in this week’s Tax Tip.
Business Owners: Other Compensation Methods
There are a number of tax-favored fringe benefits companies may offer to both regular and highly paid employees. Read all about it in this week’s Business Tip.
Tax Court Ruled Employer’s Independent Contractor Interpretation Reasonable
If you have independent contractors, keep up to date on how the Tax Court rules in cases the IRS brings. Read all about it in this week’s Business Tip.
Dealing with the tax consequences of a highly appreciated asset
In today’s Marietta Daily Journal, Bil Lako, CFP®, explains how a highly appreciated stock position, can create both a tax and estate planning issue. Read the Article.
Short-Term Rental, Special Treatment
Rent your home via Airbnb, VBRO or HomeAway? Some special tax rules may apply to you! We explain in this week’s Tax Tip.
Tax Breaks for Hiring Your Children in Your Family Business
If you own a business, you may consider hiring your minor children to provide extra help and save on taxes. We explain in this week’s Business Tip.