The IRS recently issued new cryptocurrency guidance and is hot on your trail if you bought and sold cryptocurrency and… Read more New IRS Bitcoin Tax Guidance

Imagine this: you didn’t issue Form 1099s to your contractors. Now, the IRS is auditing your tax return, and the… Read more No 1099, No Deduction? True or False?

The Tax Cuts and Jobs Act (TCJA) likely requires that you rethink the tax strategies you were using on your… Read more You May Need to Rethink Land Investment Strategies

The new Individual Coverage HRA (ICHRA) lets you help employees with their health care costs without fear of ACA penalties.… Read more The New and Improved Health Care Reimbursement Arrangement

The simple maneuver of converting your personal residence to a rental property brings with it many tax rules, mostly good… Read more Converting Your Residence to a Rental

To help you understand business travel, consider this: You planned a personal trip to Los Angeles, arriving on Friday afternoon… Read more Deducting Business Travel

You must consider the vacation home rules when you · rent a bedroom in your home and also use it… Read more Personal Use of Your Rental Triggers Ugly Vacation-Home Rules

If you want to attend a convention, seminar, or similar meeting onboard a cruise ship and deduct all your costs,… Read more How to Deduct that Cruise!

When you rent a bedroom or two or 20, you first examine Section 280A of the tax code to determine… Read more Bedroom Rentals 2019

Here’s a tax rule to know: if you have your principal office in your home, your trips from home to… Read more First and Last Stop Rule for Mileage