Short-Term Rentals
Many taxpayers will rent their first or second homes using rental agents or online rental services that match property owners with prospe...
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The Tax Professionals Blog · 446 articles
Back-Door Roth IRAs
High-income taxpayers are limited in the annual amount they can contribute a Roth IRA. In 2016, the allowable contribution phases out for...
Read moreThe Ins-and-Outs of Times Shares and Use as Charitable Contribution's
Taxpayers sometimes donate a time-share week to a charitable auction, leading to questions about whether this is deductible as a charitab...
Read moreRental Cars & the Standard Mileage Rate
Can an individual rent a vehicle for business purposes from a car rental agency such as Hertz or Budget and deduct the standard mileage r...
Read moreThe Tax Implications of Renting to a Relative
When a taxpayer rents a home to a relative for long-term use as a principal residence, the tax treatment of the rental depends upon wheth...
Read moreTax Treatment of a Marijuana Business
As marijuana businesses have been legalized in many states (24 at last count), the issues of how they can report their income and pay the...
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