General Tax Tips

Tax Tips

Tips of 2020:

 

• Tax Tips 2020-01
• Converting a Home into a Rental Property

 

Tips of 2019:

 

• Like-kind exchanges, general rules
• Tax Breaks for Those Who Do Volunteer Work for Charity
• Casualty Gains (part 1 of 2)
• Casualty Gains (part 2 of 2)
• Disaster Losses  -Election to Claim Losses in Preceding Tax Year
• Taxation of Barter Income
• Employer-Provided Group Term Life Insurance
• Selecting a Structure for Your Small Business

 

Tips of 2018:

 

• Hardship Withdrawals and Loans from 401(k) Plans
• Administrative Appeals Within the IRS
• Tax Audits
• Deferred Charitable Giving
• Disaster Losses Election to Claim Loss in Preceding Tax Year
• Rental of Vacation Property
• Repossession of Real Property
• Taxation of Age Discrimination Awards
• Commuting Expenses to Temporary Job Locations
• Administrative Appeals Within the IRS
• Non-filers

 

Tips of 2017:

 

• Compensation Should Be Neither Too High Nor Too Low
• Home Sale Exclusion
• Like-kind exchanges, general rules
• Deductions of Investor who Manages His Own Investments
• Renting a Home to a Relative
• Rental of Vacation Property
• The Gift Tax Annual Exclusion
• Qualified Personal Residence Trusts
• Taxation of Age Discrimination Awards
• Tax Breaks for Those Who Do Volunteer Work for Charity
• Explanation of TCJA-2018 letter
• Year End Tax Planning

 

Tips of 2016:

 

• Casualty Gains (Part 2 of 2)
• Non-filers
• Tax Aspects of Employee Terminations
• Tax Aspects of Self Employment
• Home Office Expense Deductions for Self-Employed Taxpayers (Part 1 of 2)
• Home Office Expense Deductions for Self-Employed Taxpayers (Part 2 of 2)
• Deducting the Cost of a Home Computer
• Allowing “Catch-up Contributions” to SEPs, SIMPLE IRA, and 401(k) Plans by Individuals Who Have Reached Age 50
• Deduction for Student Loan Interest
• Employer-Provided Group Term Life Insurance
• Repossession of Real Property
• Selecting a Structure for Your Small Business

 

Tips of 2015:

 

• Is Your Worker an Independent Contractor or Employee
• Commuting Expenses to Temporary Job Locations
• Charitable Remainder Trusts
• When Appraisals Are Required for Charitable Contributions made by Individuals
• The Code Section 199 Domestic Production Activities Deduction (Part 1 of 2)
• The Code Section 199 Domestic Production Activities Deduction (Part 2 of 2)
• Administrative Appeals Within the IRS
• Like-Kind Exchanges - General Rules
• Deduction for Losses from Ponzi Schemes (Part 1 of 2)
• Deduction for Losses from Ponzi Schemes (Part 2 of 2)
• Disaster Losses - Election to Claim Losses in Preceding Tax Year
• Casualty Gains (Part 1 of 2)

 

Tips of 2014:

 

• Year End Tax Planning for 2014
• Administrative Appeals within the IRS
• Taxation of Age Discrimination Awards
• Tax Aspects of Caring for an Elderly Individual
• Tax Aspects of Corporate Directorships
• Rental of Vacation Property
• The Gift Tax Annual Exclusion
• Qualified Personal Residence Trusts
• Business Website Costs
• Like-kind exchanges, general rules
• Charitable Deduction for Hosting a Student in Your Home
• Charitable Remainder Trusts

 

Tips of 2013:

 

• Renting a Home to a Relative
• Tax Audits
• Home Sale Exclusion for Residential and Business Purposes
• Key Developments During the First Quarter of 2013 - Part 2
• Key Developments During the First Quarter of 2013
• Computer Software Costs
• Deducting Education Costs
• Deferred Charitable Giving
• Deductions of Investor who Manage His Own Investments
• American Taxpayer Relief Act of 2012--Individuals
• American Taxpayer Relief Act of 2012--Businesses
• Rent a Home to a Relative 2012-2013
• Converting a Home into a Rental Property

 

Tips of 2012:

 

• Depreciation Rules for Automobiles
• Repossession of Real Property
• Miscellaneous Itemized Deductions
• Computing Tax on Gain on Sale of Depreciable Realty by an Individual
• Tax Treatment of Scholarships
• Simplified Employee Pensions (SEPs)
• 401(k) plans—Tax Aspects to Participants
• SIMPLE Retirement Plans and SIMPLE 401(k) Plans
• Hardship Withdrawals and Loans from 401(k) Plans
• Charitable Donations of Appreciated Stock
• Charitable Contributions Through “Donor-Advised Funds”
• Tax Breaks for Those Who Do Volunteer Work for Charity

 

Tips of 2011:

 

• A Future Tax May Hit Unearned Income
• Tap Your IRA - Avoid the Early Withdrawal Penalty
• Estate and Gift Tax Changes
• Tax Breaks for 2010 Income Tax Returns
• Tax Strategies for Unmarried Couples
• Two Sides to Mortgage Prepayments
• Choices for Holding Investment Property
• Taxability of Disability Income
• You and Your Company Can Avoid the Disguised Dividend Tax Trap
• Deduct, Don’t Depreciate
• Income Tax Rates Hold Steady
• Social Security After Death or Divorce