Did you take a coronavirus distribution (CVD) of up to a combined limit of $100,000 from one or more of your traditional IRAs in 2020?...
When 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 personal...
Do you claim your business miles at the IRS optional rate? If so, imagine you are now being audited by the IRS for your business mileage. The IRS has...
You’ll find much beauty and little beast in using a single-member LLC for your real estate ownership. Should you use a single-member LLC as a real estate...
Here’s a true story from the IRS. To put the story in context, I am putting you in the driver’s seat. You Buy a Vehicle You buy a new vehicle from your...
When moving your retirement money to an IRA, you should follow this one rule of thumb. If you fail to follow the rule I’m about to reveal...
You probably like your personal vehicle just as it is. But wouldn’t you like it far better if it were producing tax deductions? Perhaps big deductions...
Tax reform changed the rules of the game when choosing your best tax structure. In looking over the possibilities, we note that a properly structured...
Funding your retirement and paying your child's college education are two of the biggest financial challenges you'll face in your life...
Can't itemize? There are still tax breaks for you. A common misconception in tax filing has been that if you use the Standard Deduction...
Moving is expensive, but if you maintain good records, you may be able to recover some of those costs through tax benefits...
If you operate your business as a sole proprietorship, there are many strategies to reduce your taxes. Let’s start with the following 10: 1...