Tax Planning

The Tax Cuts and Jobs Act (TCJA) removed the “directly related and associated with” requirements from business meals.

If you’re a traditional IRA owner who was adversely affected by the COVID-19 pandemic last year (2020), you may have been eligible to take a tax-favored coronavirus-related distribution from a traditional IRA.

Qualifying for tax deductions on a yacht or other luxury boat requires tax knowledge.

When you are in a battle with the IRS, you need to know which documents will help your case.

There are two special ways to fix your incorrect tax return that save you from paying more to the IRS than you would otherwise. We’ll tell you all about them in this article.

Home-office tax deductions require a look at the garage and other usable space as possible positive or negative factors in the home-office calculation.

The fact that the IRS examiner disallows your deductions does not mean they are not deductible.

If you operate a business and you travel to a business location where you spend the night, you are in travel status. But will the tax rules make this a business or a personal night?