deductions

Got Medical Bills? Quick Guide to Planning

Business Deductions for Meal, Vehicle and Travel Expenses: Document, Document, Document

Meal, vehicle and travel expenses are common deductions for businesses. But if you don’t properly document these expenses, you could find your...

Tax Extenders Reinstated

In the massive budget deal passed last week, Congress has bestowed surprise tax breaks on homeowners, students and the climate conscious. There...

Standard Deduction Increased

Taxpayers are allowed to reduce their adjusted gross income (AGI) by the standard deduction or the sum of itemized deductions to determine their...

6 Key Factors to Consider When Evaluating a Property for Cost Segregation

As the real estate market continues to rise, property owners are seeing the need to become more educated on ways to reduce...

Real Estate Agent Not Permitted to Deduct Rental Losses

For our clients out there who are real estate agents and property owners: The taxpayer was a licensed real estate agent who owned...