Understanding the Passive Activity Loss Rules
Are you wondering if the passive activity loss rules affect business ventures you are engaged in or might engage in? If the ventures are passive activities, the passive activity loss
Are you wondering if the passive activity loss rules affect business ventures you are engaged in or might engage in? If the ventures are passive activities, the passive activity loss
October 15 is the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline was extended this year to July 15 due to the
As a result of the current estate tax exemption amount ($11.58 million in 2020), many estates no longer need to be concerned with federal estate tax. Before 2011, a much
IRS audit rates are historically low, according to the latest data, but that is little consolation if your return is among those selected to be examined. But with proper preparation
If you file a joint tax return with your spouse, you should be aware of your individual liability. And if you are getting divorced, you should know there may be
Here are some of the key tax-related deadlines affecting businesses and other employers during the fourth quarter of 2020. Keep in mind that this list is not all-inclusive, so there
COVID-19 has changed our lives in many ways, and some of the changes have tax implications. Here is basic information about two common situations. Working From Home Many employees have
The business use of websites is widespread. But surprisingly, the IRS has not yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally
In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they tax deductible? Under the Tax Cut and Jobs
You are probably aware of the 100 percent bonus depreciation tax break that is available for a wide range of qualifying property. Here are five important points to be aware