When Disaster Strikes: Deducting Casualty Losses
Tornado hit your house? You may be able to claim a casualty loss deduction on your federal income tax return. We explain in this week’s Insurance Tip.
Proving Noncash Charitable Contributions
When donating goods, the fair market value you claim can be challenged, and the burden of proof is with you. Learn more in this week’s Tax Tip.
Employers: Important Due Date Approaching
Another tax form? Yep. Applicable large employers have to file a 1095-C to report health coverage offered to employees. Learn more in this week’s Business Tip.
Take Advantage of the IRA-to-Charity Provision
If you’re fortunate enough to not need money from your RMD, you can donate it directly to a charity. Read all about it in this week’s Tax Tip.
Tax Treatment of Travel Expenses
Deducting business expenses is more complicated than it seems. Learn what is deductible in this week’s Business Tip.
Household Help: Employee or Contractor?
Not all those hired to work in a taxpayer’s home are considered household employees. We explain in this week’s Tax Tip.
Georgia Department of Revenue gets ‘Spoofed’
Tax season brings many things: shoeboxes of receipts, checkbooks, refunds, and unfortunately scammers and identity thieves. It’s not just the phony IRS emails either. This year the Georgia Department of Revenue has been flooded with phone calls regarding calls they didn’t make to many taxpayers. This article from the Atlanta Business Chronicle explains the latest…
IRS Gearing Up For Home Mortgage Interest Audits
Deductible mortgage interest is limited to interest on acquisition debt and equity debt interest up to certain limits. Learn more in this week’s Tax Tip.
ABLE Accounts and Individuals with Disabilities
ABLE accounts allow disabled people to have up to $100,000 without jeopardizing their Medicaid benefits. Learn more in this week’s Tax Tip.
2015 Transition Relief under the Employer Shared Responsibility Provisions
As a large employer, you may be subject to the employer shared responsibility provisions under the ACA. Learn more in this week’s Business Tip.