When is the Interest Deductible on a Home Improvement Loan?
When an individual takes a loan on his house or refinances for the purposes of a substantial improvement, when does the interest on that ...
Read moreFrom the learning center
The Tax Professionals Blog · 446 articles
The Offshore Voluntary Disclosure Program (OVDP) is Coming to an End
The IRS has, for several years, offered “disclosure programs,” aimed at getting taxpayers with hidden offshore accounts to voluntarily co...
Read moreAllocating Home Equity Debt
The fact that equity debt will no longer be deductible in 2018 through 2025 has triggered numerous questions and discussions about alloca...
Read moreWhat is the Definition of a Secured Debt?
With the home mortgage interest changes brought about by TCJA, it seems the definition of “secured” for purposes of deducting home mortg...
Read moreTax Filing Extension Precautions
Many practitioners take filing extensions far too lightly and are unaware of, or ignore, the nuances of properly completing an extension ...
Read moreOnce-a-Year IRA Rollover Limit
Back in 2014 the IRS, in Announcement 2014-15, notified taxpayers that they were adopting the Tax Court position in Bobrow v. Commission...
Read more