-Sep 22, 20210 minSelling a home: Will you owe tax on the profit?Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the...
-Sep 15, 20213 minTax breaks to consider during National Small Business WeekThe week of September 13-17 has been declared National Small Business Week by the Small Business Administration. To commemorate the week,...
-Sep 15, 20212 minClaiming a theft loss deduction if your business is the victim of embezzlementA business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it...
-Sep 13, 20213 minPlanning for year-end gifts with the gift tax annual exclusionAs we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly...
-Sep 4, 20212 minYou can only claim a casualty loss tax deduction in certain situationsIn recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter...
-Sep 1, 20212 minWant to find out what IRS auditors know about your business industry?In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the...
-Sep 1, 20212 minDoes your employer provide life insurance? Here are the tax consequencesEmployer-provided life insurance is a coveted fringe benefit. However, if group term life insurance is part of your benefit package, and...