Deductions & Credits

Are Personal Loans Taxed: Forgiven Debt and Imputed Interest

Compensatory Stock Options: NSO and ISO Tax Rules, AMT, and Reporting

How to Report an 83(b) Election on Your Tax Return

Mid-Quarter Convention: 40% Test, Basis, and First-Year Depreciation

Section 266 Election for Carrying Costs: Statement, Deadline, and Limits

How 150% Declining Balance Depreciation Works: Rules and Elections

Can You Deduct Property Taxes If You Don’t Itemize?

Form 8814 Instructions: Tax Calculation and When to Elect

How Much in Donations Can You Write Off on Taxes?

When Licensing Fees Are (and Aren’t) Tax Deductible