Check Your Beneficiary Designations Now, Before Disaster Strikes.
Check Your Beneficiary Designations Now, Before Disaster Strikes. With the current super-generous federal estate tax exemption of $11.4 million, [...]
IRS Limiting Residential Solar Credit
Here’s an important point to know about the solar credit. The 30 percent residential solar credit drops to 26 percent [...]
Rules to know When Renting a Room of Your Personal Home
Rules to know When Renting a Room of Your Personal Home You must consider the vacation home rules when you [...]
Beware: IRS Published Error on Rental Property Deduction – Mortgage Insurance
Beware: IRS Published Error on Rental Property Deduction - Mortgage Insurance Here’s a heads-up on mortgage insurance. Personal Residence Mortgage [...]
Fraudulent Form 1099s
Here’s a true story from the IRS. To put the story in context, we are putting you in the driver’s [...]
10 Proven Tax Strategies for the Self-Employed
10 Proven Tax Strategies for the Self-Employed As a self-employed individual, you can feel overwhelmed when you search for strategies [...]
Impact of Death, Retirement and Disability on the 179 Deduction
Impact of Death, Retirement and Disability on the 179 Deduction What tax effect would death, retirement, or disability have on [...]
Tax Deductions for Sponsoring a Sports Team
Have you wondered what it takes to deduct the costs of sponsoring a sports team? What if you play on [...]
Vacation Home: Seven Day Rental Rule
If you own a condominium, cottage, cabin, lake or beach home, ski lodge, or similar property that you rent for [...]
Keep Track of Your Odometer to Claim Business Mileage
Do you claim your business miles at the IRS optional rate? If so, imagine you are now being audited by [...]