Articles

Cancellation of Debt

David
October 17, 2018
Taxes

There can be a lot of confusion surrounding a cancellation of debt event. Many taxpayers don’t even realize that one has occurred much less that it is taxable. (more…)

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Selected 2018 Tax Court Cases

David
October 9, 2018
Taxes

Upon close inspection, you will notice a familiar theme throughout many of these cases. If you can’t substantiate a deduction, you lose it! (more…)

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Giving

David
September 26, 2018
Taxes

Annual Gift Tax Exclusion: You can give up to $15,000 to any person in 2018 without having to pay gift tax or use up any of your lifetime estate and gift tax exemption. (more…)

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Auto Standard Mileage Rates and Depreciation Amounts Updated

David
September 5, 2018
Taxes

The IRS has provided information to taxpayers about changes in the use of standard mileage rates and increased depreciation limits for passenger automobiles because of the Tax Cuts and Jobs Act.  (more…)

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