Deductions
-
Can investors who manage their own portfolios deduct related expenses?
In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they tax deductible? Under…
Read More: Can investors who manage their own portfolios deduct related expenses? -
Why do partners sometimes report more income on tax returns than they receive in cash?
If you’re a partner in a business, you may have come across a situation that gave you pause. In a given year, you may be…
Read More: Why do partners sometimes report more income on tax returns than they receive in cash? -
Launching a business? How to treat start-up expenses on your tax return
While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses…
Read More: Launching a business? How to treat start-up expenses on your tax return -
If you’re selling your home, don’t forget about taxes
Traditionally, spring and summer are popular times for selling a home. Unfortunately, the COVID-19 crisis has resulted in a slowdown in sales. The National Association…
Read More: If you’re selling your home, don’t forget about taxes -
Good records are the key to tax deductions and trouble-free IRS audits
If you operate a small business, or you’re starting a new one, you probably know you need to keep records of your income and expenses.…
Read More: Good records are the key to tax deductions and trouble-free IRS audits -
Seniors: Can you deduct Medicare premiums?
If you’re age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage…
Read More: Seniors: Can you deduct Medicare premiums?
Stay current on weekly blogs by following our social media posts on LinkedIn, Facebook, and Twitter.