IRS posts new limits for luxury cars

  • June 01, 2007

According to the new figures just released for vehicles placed in service in 2007, the luxury-car limits apply to any car costing more than $15,300, give or take a few...

No double-dipping on mortgage interest

  • January 08, 2007

Q. I have a home office for my own business. Can I deduct mortgage interest in addition to the interest claimed on the personal part of my return?

Common AMT adjustments

  • December 01, 2006

Here are some of the most common technical adjustments and tax preferences under the Alternative Minimum Tax (AMT).

Join the IRS' tip-reporting program

  • November 01, 2006

Join the IRS' tip-reporting program to promote compliance, reduce disputes on audit and avoid onerous filing and record-keeping burdens.

Take a refresher course

  • August 07, 2006

Your kids are going back to school soon, so why not do the same? You can write off the cost of taking a course at a local college as a business expense, so long as it...