Section 179 for Vehicles Under 6,000 lbs: Caps, Bonus Depreciation
Learn how Section 179 works for vehicles under 6,000 lbs, from weight rules and deduction caps through business-use requirements and state treatment.
Contribution vs Distribution: Tax Rules, Penalties, and Reclassification
Learn how contribution vs distribution rules shape taxes, from retirement accounts and business entities to IRS reclassifications and possible penalties.
Is a Loss on the Sale of a Second Home Tax Deductible?
Learn how the deductibility of a loss on the sale of a second home works, from personal and rental use rules to mixed-use, conversions, and family sales.
U.S. Citizen Gifting Foreign Property: Form 709 and Exclusions
Learn how a U.S. citizen's gift of foreign property is taxed, from exclusions and spousal transfers to filing duties, treaty relief, and cost basis.
How Much of Your Property Taxes Are Tax Deductible?
Learn how much of your property taxes are tax deductible, from the SALT cap and itemizing rules to special situations like escrow, home sales, and rentals.
What Are Carrying Charges and When Can You Deduct Them?
Learn how carrying charges work for tax purposes, from deducting or capitalizing costs on real estate and investments to inventory and construction rules.
My Tax Preparer Is Being Investigated: What Should I Do?
Learn what to do when your tax preparer is being investigated, from safeguarding your records and amending returns to handling IRS audits and penalties.
Do I Have to Pay Taxes on My Pension? Federal and State Rules
Learn how taxes on your pension work, from federal and state rules to withholding, early withdrawal penalties, and effects on Social Security and Medicare.
Sage for Making Tax Digital: Setup, VAT Returns & Penalties
Learn how Sage Making Tax Digital works for VAT, from setting up your software and filing returns to handling corrections, penalties, and record-keeping.
What Is Legally Blind for Tax Purposes? IRS Rules and Deduction
Learn how being legally blind for tax purposes works, from the IRS vision criteria to the deductions, credits, and paperwork that go with the status.