Oct 5, 20172 min read
October 2017 Individual Due Dates
October 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you...
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Sep 21, 20173 min read
Natural Disaster Charity Volunteer Tax Breaks
Article Highlights: Away-from-home travel Lodging and meals Entertaining for charity Automobile travel Uniforms Substantiation...
Sep 21, 20172 min read
A Novel Way to Make Hurricane Harvey and Irma Relief Donations
Article Highlights: Donating unused vacation time, sick leave and personal time Employer’s Function Great Donation Opportunity As they...
Sep 20, 20174 min read
Hurricane Harvey and Irma Disaster Loss Tax Ramifications
Article Highlights: Disaster Losses Elections Net Operating Loss AGI Limitations Possible Gain Filing Extensions With the historic...
Sep 1, 20172 min read
Beware of Fake Charity Scams Relating to Hurricane Harvey
ADVANCE RELEASE Documents,IR-2017-137,Internal Revenue Service,(Aug. 30, 2017) IR- 2017-137 Internal Revenue Service: Hurricane Harvey:...
Aug 30, 20172 min read
Did You Have to Repay Part of Your Obamacare Subsidy and Don’t Know Why?
Article Highlights: Premium Tax Credit Basis for the Credit Advance Premium Tax Credit Repayment Requirements As part of Obamacare, most...
Aug 29, 20174 min read
When Is a Charitable Contribution Appraisal Required?
Article Highlights: Substantiation and Documentation Requirements Deductions of less than $250 Deductions of $250 to $500 Deductions over...
Aug 24, 20172 min read
Who Controls the Funds in a Section 529 Plan?
Article Highlights: Qualified Tuition Accounts Custodial Accounts Who Can Contribute? Who Controls the Account? Changing the Account...
Aug 14, 20173 min read
Research Credit Can Offset Payroll Taxes
Article Highlights: Research Credit Payroll Tax Option Research Credit Qualified Research Qualified Small Business A little-known tax...
Aug 3, 20173 min read
Using Online Services Such as Airbnb to Rent out Your Home? Better Read This!
Article Highlights: Airbnb, VRBO, and HomeAway Rented for Fewer than 15 Days during the Year The 7-Day and 30-Day Rules Exceptions to the...
Jul 20, 20172 min read
Elusive Employee Business Expense Tax Deduction
Article Highlights: Employee versus Self-Employed Itemized Deduction Two Percent of AGI Limitation Alternative Minimum Tax Limitation...
Jul 6, 20173 min read
Hobby or Business? It Makes a Difference for Taxes
Article Highlights: For-Profit Businesses Not-for-Profit Businesses Nine Determining Factors Profit Presumption Taxpayers are often...
Jun 30, 20174 min read
Taking Advantage of Tax-Free Gifting
Article Highlights: Lifetime exclusion Annual exclusion Medical exception Education exception Gifting techniques If you are fortunate...
Jun 8, 20173 min read
Is Solar Energy Right for You?
Article Highlights: Solar Electric System TV Ads Do You Really Need One? System Cost Financing Solar Tax Credit Home Mortgage Interest It...
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