Real Estate Investor or Real Estate Dealer
The first good news is that you can be both real estate investor and real estate dealer with respect to your real estate portfolio. The...
Divorce? Alimony? Tax Reform Says Get Divorced Now—Don’t Wait
Tax reform changes the alimony game. This may or may not have any relevance to you, but if it does, you will want to move quickly. The...
Does Non-Home Use of Your Home Damage Your $250,000 Exclusion?
Dear Friends: The days when you could convert your rental property or vacation home to a principal residence and then use the full...
Your personal car can help you save on taxes.
Dear Friends: You probably like your personal vehicle just as it is. But wouldn’t you like it far better if it were producing tax...
Tips for teenage taxpayers starting a summer job
Now that school’s out, many students will be starting summer jobs…from working at a summer camp to being an office intern. The IRS...
How tax preparation software or non-professional tax preparers can "steal" up to $2,500 of
One of the most "under-collected" credits in the US tax system is an "education credit". This is due to two common myths: 1. All...
The IRS will not accept tax returns that omit the health coverage information.
The IRS just announced that for the upcoming 2018 filing season, the IRS will not accept electronically filed tax returns until the...
Tax-free Rental Income
Do you know that you can earn tax-free money if you rent your home less than 15 days a year? It has become very popular in Southern...
Gifts to Clients
If you give gifts in the course of your trade or business, you can deduct all or part of the cost. You can deduct no more than $25 for...
Moving Expenses May Be Deductible
Taxpayers may be able to deduct certain expenses of moving to a new home because they started or changed job locations. Use Form 3903,...
