Tax guidance and resources

Latest Articles

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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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  Cashing in on deferred passive losses

  There is no gray area about whether to use rental losses to offset income or gain.

  2 min read Jul 31, 2012
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  Beware scams when cutting property taxes

  It’s free to challenge property taxes. Watch out for companies that want to charge you for it.

  2 min read Jul 18, 2012
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  Tax considerations in eminent domain case

  If an agent’s findings seem odd, take it to a supervisor. Threaten appeals if necessary.

  3 min read Jul 10, 2012
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  Why is IRS withholding my tax refund?

  The IRS isn’t lying to you, but someone may have stolen your identity. Follow these steps.

  3 min read Jul 05, 2012
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  Claiming rental home deductions

  You placed your home in service last December, so you can claim certain expenses for 2011.

  2 min read Jul 03, 2012
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  Splitting up capital gain among siblings

  To sell the home of your long-deceased parents, you’ll likely have to open a probate proceeding.

  2 min read Jun 26, 2012
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  As laws clash, gay parents find tax breaks

  Conflicting federal and state views of same-sex marriage can mean savings for gay families.

  4 min read Jun 22, 2012
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  Pay taxes on unlawful termination award?

  Not long ago, you could have lost your entire termination award to your attorney and the IRS.

  2 min read Jun 21, 2012
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  Avoided marriage penalty but evaded taxes

  If you fess up and file an amended tax return, you will owe taxes plus interest to the IRS.

  3 min read Jun 12, 2012
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  Accounting snafu with S-corp distributions

  You need to resolve two issues that arise with disproportionate distributions in an S-corp.

  3 min read Jun 07, 2012
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  Taxes 101: A primer for college students

  Filing taxes as a college student may be a wise move. Here’s some practical advice.

  3 min read Jun 01, 2012
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  US resident alien’s pension taxed twice

  You’ll have to pay taxes in the U.S., but take these steps for an exemption from Germany.

  2 min read May 15, 2012
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  Etymology of the word tax

  Think audits are bad? Ancient Egyptians were forced into hard labor for failure to pay taxes.

  May 14, 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
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  Defer passive activity loss to next year?

  If you’re entitled to the $25,000 deduction, you have to claim it regardless of your other income.

  2 min read May 03, 2012
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  6 cities where meals tax makes dining pricey

  Bring extra cash if you dine in one of these cities that charge a meals tax on top of sales taxes.

  Apr 11, 2012
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  Earnings too high to claim passive losses?

  If you earn too much money, rental loss claims against your income may be in jeopardy.

  2 min read Apr 05, 2012
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  Gambling losses are tax deductible

  You can write off your gambling losses only to the extent of your winnings, so don’t go crazy.

  1 min read Apr 04, 2012
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  Meals and entertainment are tax deductible

  You can write off meals and entertainment costs, but only half of them, and only if you talk business.

  1 min read Apr 04, 2012