When is Alimony Non-Taxable?
IRC Section 71(b)(1) defines the term alimony. The code has four requirements, three of which are commonly recognized by tax professiona...
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The Tax Professionals Blog · 446 articles
Health Savings Account (HSA) as a Retirement Plan
Health Savings Accounts (HSAs) are an oft-overlooked stratagem in retirement planning. Individuals with high-deductible health insurance...
Read moreBusiness Use Of Car - Standard Mileage Rate Add-Ons
Business owners quite often use the standard mileage rate instead of actual expenses when taking a deduction for the business use of thei...
Read moreHome Office, Bonus Depreciation & Sec 179 Considerations
Where a taxpayer’s Schedule C is negative or close to negative, there are issues that should be considered when claiming the home office,...
Read moreWhen a Repaid Premium Tax Credit Can Be a Medical Deduction
Where an employer, for any month, offers an employee affordable ACA compliant health insurance, the employee is not qualified for a premi...
Read moreDealing With Self-Rental Property Rules
Generally, the self-rental rules apply to taxpayers who rent property to a trade or business in which they materially participate. In su...
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