Can You Deduct Assisted Living Expenses?
Can You Deduct Assisted Living Expenses? Watch your wallet: the median cost in 2018 for an assisted living facility was [...]
Is Your Trip a Deductible Business Expense?
Is Your Trip a Deductible Business Expense? To help you understand business travel, consider this: You planned a personal trip [...]
New Audit Procedure for Partnership
New Audit Procedure For Partnership Congress changed the IRS procedures for auditing partnerships, and they apply beginning with your 2018 [...]
Tax Requirements For Working Abroad
Tax Requirements For Working Abroad Here are three quick things to know about working abroad. Section 199A: To qualify for [...]
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 [...]
Which IRA is Better For you: Roth vs Traditional
Which IRA is Better For you: Roth vs Traditional Roth IRA versus traditional IRA: which is better for you? Roth [...]
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 [...]