Ready, Set, Depreciate
When you buy real property (or personal property that lasts more than one year) to use in your business, you may have up to three options for deducting the cost.
The Govt. War against Independent Contractors: A Progress Report
For decades, many state and federal agencies have had it in for businesses that hire independent contractors rather than employees.
Be Sure to Know the Tax-Home Rule
As a business taxpayer, you likely cross swords with the tax-home rule often.
3 Rules Ensure That You Can Deduct Lodging Expenses under Regs—Even When You’re Staying Close to Home!
The best way to make your local lodging expenses deductible is to meet the “safe harbor” test in the regulations.
IRS Audit: Short-Term Rentals
Examiners, like all of us, are simply human. You cannot expect them to know all the rules, because frankly, there are way too many rules.
Refresher: Principal Residence Gain Exclusion Break (Part 2 of 3)
With residential real estate markets surging, significant unrealized gains are piling up for many homeowners.
1099s Tell Story on Dentist
Making the IRS guess why your tax return is not present and accounted for is always a bad idea.