November 9, 2022
Home Health Costs Can Be Tax Deductible
If the aide performs other household chores like cooking and cleaning, you must apportion their wages. Only the part allocable to medical care is deductible as a medical expense.
November 8, 2022
Good Documentation Helps Small Business Clients Prepare For Audits
Unfortunate as it may be, you know that small business clients too often neglect their bookkeeping, expense documentation, and other tax-related responsibilities.
November 8, 2022
Home Improvements May Qualify as Medical Expenses on Taxes
In certain limited situations, you may realize a tax break for a home improvement that is deemed to be medically necessary. If you qualify, a portion of the expense is deductible as a medical expense as...
Taxes November 7, 2022
Ford Urges Broad Interpretation of EV Tax Credits
Ford responded to Treasury Department request on how it should implement the new consumer tax credits.
Taxes November 3, 2022
IRS Criminal Investigation Had 90% Conviction Rate in FY 2022
IRS-CI carried out more than 2,550 criminal investigations during its most recent fiscal year, according to a report.
Taxes November 3, 2022
IRS Seeks Feedback on Soon-to-Be Released Energy Credit Guidance
The comments will help the IRS draft rules most reflective of the needs of taxpayers entitled to claim energy credits.
Taxes November 2, 2022
Trump’s Signature on Weisselberg Apartment Lease Shown to Jury in Tax Fraud Trial
The trial threatens to reveal the inner workings of the real estate empire that set Trump on his path to the White House.
November 1, 2022
Count LTCI Premiums for Medical Deduction
You can add the cost of premiums to the amount you need to surpass the deduction threshold for medical expenses. But the IRS strictly limits the amount you can write off for LTCI insurance each year.
October 31, 2022
How to Secure a Deduction for a Medical Dependent
The tax law also allows you to write off amounts paid for a dependent such as an elderly relative.
Taxes October 25, 2022
7 Jurors Seated in Trump Organization Tax Fraud Trial
Prosecutors say the Trump Org and its sister payroll company disguised millions in taxable income for 15 years.
Taxes October 24, 2022
Trump Firm’s Tax Fraud Trial Promises Ex-CFO as Star Witness
Allen Weisselberg, who worked with the Trump family for five decades, was the company's accounting chief.
Taxes October 21, 2022
IRS Warns of Third-Party Employee Retention Credit Claims
These third parties often charge large upfront fees or a fee that is contingent on the amount of the refund and may not inform taxpayers that ...