ConnollySteeleOct 17, 20232 minBusiness automobiles: How the tax depreciation rules workDo you use an automobile in your trade or business? If so, you may question how depreciation tax deductions are determined. The rules are...
ConnollySteeleOct 12, 20232 minThe tax implications of renting out a vacation homeMany Americans own a vacation home or aspire to purchase one. If you own a second home in a waterfront community, in the mountains or in...
ConnollySteeleOct 12, 20232 minHow IRS auditors learn about your business industryEver wonder how IRS examiners know about different industries so they can audit various businesses? They generally do research about...
ConnollySteeleOct 12, 20233 minCasualty loss tax deductions may help disaster victims in certain casesThis year, many Americans have been victimized by wildfires, severe storms, flooding, tornadoes and other disasters. No matter where you...