Claiming a Theft Loss Deduction if Your Business is the Victim of Embezzlement
A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does, but you will
A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does, but you will
Are you considering replacing a car that you are using in your business? There are several tax implications to keep in mind. A Cap on Deductions Cars are subject to
If you operate a small business, or you are starting a new one, you probably know you need to keep records of your income and expenses. In particular, you should
If you are age 65 and older, and you have basic Medicare insurance, you may need to pay additional premiums to get the level of coverage you want. The premiums
If you own a home, the interest you pay on your home mortgage may provide a tax break. However, many people believe that any interest paid on their home mortgage
If you are self-employed and work out of an office in your home, you may be entitled to home office deductions. However, you must satisfy strict rules. If you qualify,
As teachers head back for a new school year, they often pay for various expenses for which they do not receive reimbursement. Fortunately, they may be able to deduct them
You have probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. However, be aware that donating
Americans who are 65 and older qualify for basic Medicare insurance, and they may need to pay additional premiums to get the level of coverage they desire. The premiums can
The 2019 ‘tax season,’ during which most 2018 tax returns are prepared, will soon peak at the April 15 deadline. One key trend is that more people are taking the