Julian Block | AccountingWEB

Content by Julian Block

on 04/20/15
The alternative minimum tax (AMT) – sometimes referred to, not whimsically, as the “added misery tax” – is a highly complex levy originally structured to ensure the payment of...
on 04/13/15
Millions of individuals volunteer to help raise funds or perform other tasks on behalf of charitable organizations like religious groups, schools, and hospitals. When the annual reckoning with the...
on 04/07/15
As an attorney and author who has written and lectured extensively about the tax aspects of marriage and divorce, I frequently receive questions from couples contemplating marriage.One of my standard...
on 03/30/15
Special rules apply to medical-care deductions for lodging expenses while away from home. As a general rule, meals and lodgings are deductible as medical expenses only if incurred in a hospital or...
on 03/23/15
As a general rule, you have to pay taxes on all of your income—whether from wages, investments, or other sources. However, the money you receive from certain sources doesn’t count as...
on 03/18/15
There’s a special filing break for some widows and widowers. They may be entitled to the benefit of joint return rates for two years after their spouse dies. But this is the IRS we're...
on 03/12/15
Most freelancers are “cash basis” taxpayers. That’s IRS jargon for, among others, writers who have to declare advances and royalties for books and payments for articles in the year...
on 03/06/15
Usually, the IRS adamantly opposes deductions for commuting costs between home and work. The tax collectors consider those outlays to be nondeductible personal expenses, no matter how necessary. It...
on 03/02/15
Are you one of those taxpayers who thinks of the IRS as an insatiable beast that feasts on all of their income? Take heart. As a general rule, the law does authorize the IRS to cut itself in for a...
on 02/26/15
In general, you’re taxed on income from jobs, savings, investments and most other sources. There, are, however, exceptions; counting them as income will cost you valuable dollars. Here are some...
on 02/19/15
Married couples need no reminder that they can benefit from joint filing when one mate earns all or considerably more of the income than the other. That tax break, though, can become a trap for...
on 02/17/15
Individuals who itemize deductions for state and local taxes use Schedule A of the Form 1040 to claim such write-offs. They use Schedule C and Schedule E, respectively, to deduct taxes on property...
on 02/13/15
The law empowers and encourages the IRS to make life decidedly disagreeable for people who intentionally fail to file their returns at tax time. The key federal statute is the Internal Revenue Code,...
on 02/11/15
The IRS allows authors, artists and other creative types to write-off losses suffered in ventures entered into make "profits," but not losses incurred in pursuing “hobbies."...
on 02/09/15
I’m an attorney and author who has written and lectured extensively about the tax rules for dependency exemptions. So I frequently receive questions about exemptions, mostly involving routine...
on 02/04/15
Imagine a cozy household of three: just Brad Pitt, Angelina Jolie, and the friendly tax man. Fact is, whether Brad, Angelina, Jennifer, or anyone else is hooking up, breaking up, or something in...
on 01/28/15
Congress divides bitterly on hot-button social issues like abortion and immigration. But our lawmakers always display bipartisan support for proposals to make filling out returns much easier. As you...
on 01/26/15
As a general rule, IRS revenue agents and office auditors require you to substantiate your deductions for business expenses like travel and entertainment with “adequate records”—...
on 01/21/15
Now is not only a time to prepare for this year's tax season, but to make change to help ensure that next year's runs smoothly as well. A frequently overlooked strategy is that the...
on 01/16/15
When the IRS sends the forms for their annual reckoning, most individuals list their deductions and income on a "cash" basis. They deduct all their expenses in the year that they actually...

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