New Digital Asset Reporting Requirements Will Be Imposed in Coming Years
Buried in the infrastructure law that was just enacted is a change in the way cryptocurrency transactions are reported to the IRS.
Businesses Can Show Appreciation – And Gain Tax Breaks – With Holiday Gifts and Parties
Is your business giving holiday gifts to employees or customers this year? Or are you throwing a holiday party? Here are the tax rules.
Feeling Generous at Year End? Strategies for Donating to Charity or Gifting to Loved Ones.
Feeling generous this year? Here are the basic rules for charitable contributions and gifts to loved ones.
Factor in Taxes if You’re Relocating to Another State in Retirement
Moving closer to family members and taking advantage of warmer weather are just two reasons why many people retire to another state. Don’t forget to consider state and local tax implications before you make a move.
Get Your Piece of the Depreciation Pie Now With Cost Segregation Study
Your business may gain substantial tax benefits with a cost segregation study, but they’re not right for everyone. Here’s how this strategy can help accelerate depreciation tax deductions on the building that houses your operation.
Vacation Home: How Is Your Tax Bill Affected If You Rent it Out?
A special federal income tax break is available if you rent your vacation home for less than 15 days during the year. Here are the rules.
Navigating The Tax Landscape When Donating Works of Art to Charity
Are you an artist or collector interested in donating artwork to charity? Here are the basic rules to claim a tax deduction for your generosity.
The Tax Score of Winning
Whether you win money gambling online, playing at a casino or participating in a sports betting activity, there are tax implications. Here are the basic rules that winners should understand.
Tax Depreciation Rules for Business Automobiles
Claiming depreciation deductions for a passenger automobile can involve complex calculations. Here are the basic rules.
Selling a Home: Will You Owe Tax on the Profit?
If you’re selling your principal residence, some or all of the profit may be tax free. It depends on your home sale profit and your income. Here are the basic rules.