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  Tax benefits for education of grandkids

  While you can’t deduct your grandkids’ college costs, you can get a different tax break.

  2 min read Jan 30, 2014
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  Do I pay taxes on inheritance?

  You don’t have to file an estate return since the estate is under the $5.25 million threshold.

  2 min read Jan 23, 2014
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  Pay taxes on church raffle prize winnings

  You will owe tax on your prize money, but you can deduct your donation if you itemize.

  2 min read Jan 07, 2014
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  Determining basis as a joint tenant

  You would have gotten a bigger tax break if your aunt had left her property to you in a trust.

  3 min read Dec 10, 2013
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  Can passive losses offset a Roth conversion?

  It’s possible you could use passive losses from real estate to offset a Roth conversion.

  3 min read Nov 21, 2013
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  Claiming unallowed losses on property sale

  You can claim unallowed losses when you sell your property. Here’s what you need to know.

  2 min read Nov 05, 2013
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  Depreciation rules of a business property

  You can’t write off the down payment, but you can do something else to lower your tax bill.

  2 min read Oct 03, 2013
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  4 personal stories of the Great Recession

  The U.S. economy has improved, but the ghost of the Great Recession still haunts Americans.

  5 min read Sep 27, 2013
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  Are dental expenses tax-deductible?

  Dental expenses you paid for someone else may be tax-deductible under these circumstances.

  2 min read Sep 24, 2013
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  Are contract labor costs tax-deductible?

  The costs incurred in building a home aren’t deductible, but keep track of them for the future.

  3 min read Sep 17, 2013
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  Claim tax refunds as income on tax return?

  Amended returns yielded $9,000 in tax refunds on which IRS paid interest. What should we do?

  2 min read Sep 05, 2013
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  Donate home to church; get tax deduction

  Lord knows that if you give your house, you’ll receive a greater reward: lower taxes.

  2 min read Mar 24, 2013
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  Are investment fees tax-deductible?

  IRA fees are tax-deductible if you use outside assets to pay them.

  2 min read Feb 12, 2013
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  Who pays grandkids’ taxes on dividends?

  It used to be easy to transfer assets to your grandkids and shift the tax burden to them, too.

  2 min read Feb 07, 2013
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  Reimburse employee for insurance premiums

  You can reimburse your employee for the insurance premiums he pays to his old job.

  2 min read Jan 22, 2013
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  Declaring an investment loss on land

  You’ll have to prove your investment intention to the IRS. Here’s what you need to know.

  2 min read Dec 04, 2012
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  Depreciation rules on sale of tractor

  When you sell your depreciated tractor, you can delay, but not avoid, paying tax on the gain.

  2 min read Oct 23, 2012
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  Rental expenses you can and can’t write off

  A handyman can’t write off his time, but he can write off a lawn mower purchased for the rental.

  2 min read Aug 07, 2012
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  Accounting for unreimbursed expenses

  Unreimbursed expenses incurred by a business partner aren’t reported to the IRS on Schedule K-1.

  2 min read Aug 02, 2012
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  Capital gains tax on inherited property?

  The rules that apply to inherited property in the U.S. also apply to inherited foreign property.

  2 min read May 08, 2012