Sail away with boating tax breaks It's well known that a home can be a valuable source of tax deductions while you own the place and a six-figure tax exclusion when you sell. But did you know you can ...
Generally, it takes nearly four decades to fully depreciate the cost of a business building. That's a long time in most people's book. But you may be able to recoup the cost of certain components ...
Is alimony still deductible by payers and taxable to recipients? It depends. There is some confusion around recent tax law changes, but the prior rules generally remain in effect for divorce and ...
Big 2018 tax bill? 4 ways to owe less next year Recent tax legislation includes a bevy of tax breaks for individuals. However, as you may discover when you're filing your 2018 return, not everyone ...
Reward employees with tax-free achievement awards How can you motivate employees? One way is to set up an achievement award plan that rewards length of service or safety measures. If certain ...
Under recent tax legislation, the deduction for miscellaneous expenses has been eliminated, effective for 2018 through 2025. This wipes out any write-off for employee business expenses you pay out of ...
Tax records needed for 2018 returns Tax filing season kicks off in a few weeks. What records should you assemble? Due to recent tax law changes, you may not need all the records you've kept before. ...
Trading in a business car? Here are the new rules New tax legislation eliminated the tax deferral on exchanges of like-kind exchanges of property, except for real estate. This change (generally ...
After the new law repealed deductions for entertainment expenses, many businesspeople figure their write-offs for treating customers or clients to meals are gone for good. But interim guidance handed ...
REMINDER: Rules have changed for these tax breaks New tax legislation provides numerous tax benefits for individuals for 2018 through 2025. But not all the changes are likely to align with your go-to ...