(#295) The Fine Line Between a Small Business & a Hobby
(#294) Home-Related Tax Breaks are Valuable on 2017 Returns . . . Less So for 2018
Home ownership is a key element of the American dream for many, and the U.S. tax code includes many tax breaks that help […]
(#293) §179 Expensing Provides Small Businesses Tax Savings on 2017 Returns, And In The Future
If you purchased qualifying property by 12/31/17, you may be able to take advantage of §179 expensing on your 2017 tax return. You’ll also want to keep […]
(#292) Defer Tax with a §1031 Exchange, But New Limits Apply This Year
Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer […]
(#291) Haven’t Filed Your 2017 Income Tax Return Yet? Beware of These Pitfalls
The federal income tax filing deadline is slightly later than usual this year — April 17 — but it’s now nearly upon us. So, if you haven’t […]
(#289) Make Sure Repairs to Tangible Property Were Actually Repairs Before You Deduct the Cost
Repairs to tangible property, such as buildings, machinery, equipment or vehicles, can provide businesses a valuable current tax deduction — as long as […]
(#288) Size of Charitable Deductions Depends on Many Factors
Whether you’re claiming charitable deductions on your 2017 return or planning your donations for 2018, be sure you know how much you’re allowed to deduct. Your deduction […]
(#287) 5 Estate Planning Tips for the Sandwich Generation
The “sandwich generation” accounts for a large segment of the population. These are people who find themselves caring for […]
(#286) What’s Your Mileage Deduction?
Individuals can deduct some vehicle-related expenses in certain circumstances. Rather than keeping track of the actual costs, you can use a standard mileage […]
