In a new decision, a taxpayer deducted the cost of charitable travel in her automobile, but she didn’t have the necessary records to back up her claims.
Conducting prompt, thorough internal investigations followed by appropriate corrective action may be the best way to insulate your company from potential liability when...
Generally, you can only deduct losses from passive activities up to the amount of your income from passive activities for the year. But there are certain exceptions to...
Are you or someone else in your family buying a home? Mortgage interest rates are still favorable by historical standards, but you might decide to pay one or more...
Suppose that a family member has to move into an assisted living facility. Although nursing expenses are generally deductible as medical expenses, the lines can get...
The new Tax Cuts and Jobs Act reduces the tax benefits of net operating losses claimed by businesses. Strategy: When possible, time NOLs to your tax advantage. Depending...
The Tax Exempt Organization Search ... New tips on tips ... Online audits are coming ... Educational tax breaks to be consolidated ... Blue Book delayed
Although the new Tax Cuts and Jobs Act reduces exposure to the alternative minimum tax for millions of taxpayers for 2018-2025, it doesn’t provide complete protection....
Due to several changes in the Tax Cuts and Jobs Act, there is less tax incentive to give to charity. Because many taxpayers are no longer itemizing deductions, they will...
You’ve heard of SharePoint, but you’re not quite sure what it does and how it can help you. Simply put, SharePoint is a place to collaborate and share resources....
A taxpayer who opened an IRA with an investment account in the 1990s had spotty records from that time. However, he convinced the Tax Court that he was an active plan...
