A couple of times recently, I’ve talked with taxpayers about their business education deductions. And they have questions. Some small business o … [Read more...] about Business Education Deductions
individual income taxes
Tax Deduction Receipts
Taxpayers always wonder about whether or not they can deduct expenses when they don't have a receipt. Generally, yes, you can... but you want to … [Read more...] about Tax Deduction Receipts
Real Estate Professional Loophole
Earlier this year, the tax court issued a decision about the real estate professional loophole. A dentist, one Dr. Zarrinnegar, had used the real … [Read more...] about Real Estate Professional Loophole
Paying Zero Income Taxes on Average Income
Last week, I blogged about how to pay zero federal income taxes on a $100,000 income. But that’s not very relevant to most readers. First, the U.S. a … [Read more...] about Paying Zero Income Taxes on Average Income
Self-directed IRA Real Estate Investment Problems
In some popular online forums, participants regularly tout the idea of self-directed IRA real estate investment or self-directed 401(k) real estate … [Read more...] about Self-directed IRA Real Estate Investment Problems
Avoiding Net Investment Income Tax
Most taxpayers probably aren’t thinking about avoiding net investment income tax. But they should. The net investment income tax hits more people than … [Read more...] about Avoiding Net Investment Income Tax
Partnership Tax Consequences: What Your Financial Advisor Didn’t Tell You
Can we talk for a minute about partnership tax consequences? Specifically about a handful of issues that probably neither you nor your financial … [Read more...] about Partnership Tax Consequences: What Your Financial Advisor Didn’t Tell You