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"Information is the resolution of uncertainty."

Claude Shannon
July 19, 2021
Tax Rules for Home Flippers

With mortgage interest rates low, flipping real estate appears to be on the rise.

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July 17, 2021
Contemplating Refinancing Your Home Mortgage? Things You Should Consider

With home mortgage rates at historic lows, it may be appropriate for you to consider refinancing your current mortgage.

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July 13, 2021
Back-Door Roth IRAs

Many individuals who are saving for retirement favor Roth IRAs over traditional IRAs because the former allows for both accumulation of account earnings and post-retirement distributions to be tax-free.

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July 7, 2021
Tax Rules That Allow Tax Deductions for Your Yacht

Qualifying for tax deductions on a yacht or other luxury boat requires tax knowledge.

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July 5, 2021
How the Law Decides If Your Travel Day Is Personal or Business

When you travel to a business location where you spend the night, you are in travel status. But will the tax rules make this a business or personal night?

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June 30, 2021
The Treasury Green Book of Biden Proposed Tax Changes

The U.S. Treasury has released the Biden administration’s 2022 Fiscal Year Budget, which includes a general explanation of the administration’s 2022 revenue proposals.

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June 28, 2021
Relocating? How to Do It with Taxes in Mind

If you’re thinking about moving from your current locale, you’re not alone.

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June 18, 2021
IRS Focuses on Cryptocurrency: Are You Ready?

For example, you can use bitcoin to buy far more than you would think. To see, try googling “What can I buy with bitcoin?” You will get more than 350,000 hits.

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June 14, 2021
IRS Audit Issue: SUV Built on Car Chassis

Here’s a vehicle story that you will find of interest. Taxpayer DJ is in an IRS audit of his 2018 tax return. It is now at the IRS appeals level. The vehicle in question is an SUV with a curb weight of 5,700 pounds and a gross vehicle weight of 6,100 pounds. If the tax […]

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