Content by Julian Block

on 09/17/14
Plan ahead before you buy some shares in a stock mutual fund near yearend, when the fund is about to pay a dividend. It might be better to wait until after the fund goes "ex-dividend," that...
on 09/10/14
Interest expenses. Under the rules applicable to tax year 2014, most homeowners are entitled to deduct all of their interest payments on mortgage loans. They can deduct 100 percent...
on 09/03/14
Charitable contributions provide the greatest flexibility for most people. This is because their timing is completely discre­tionary, as a rule. Just keep in mind that that gifts to charit­...
on 09/02/14
The IRS requires most freelancers and other self-employed individuals to use the cash method of accounting, under which income isn't counted until cash, a check, or an e-payment is received, and...
on 08/27/14
Being an accountant doesn't mean you're giving investment advice to clients. However, at tax time, accountants often have to deal with the results of any investment advice clients obtained...
on 08/25/14
Form 1040's Schedule A is where itemizers claim deductions for, among other outlays, miscellaneous expenses. The major miscellaneous categories are unreimbursed employee business expenses,...
on 08/11/14
Accountants are trusted advisors for their clients—and especially for their senior citizen clients. These people may have been with you for many years, and now, in their retirement, they need...
on 08/01/14
The IRS cautions freelancers and other self-employed individuals to stay on top of the deadlines for filing federal tax returns and the due dates for making payments. Miss just one, says the IRS, and...
on 07/28/14
Did you know that the tax code allows you to claim tax deductions for household damage caused by thefts, vandalism, fires, floods, hurricanes, and others kinds of casualties? But the law imposes...
on 07/18/14
Legislation enacted on January 1, 2013, (known officially as the American Taxpayer Relief Act of 2012) revived partial disallowances of write-offs for dependency exemptions and most itemized...
on 07/14/14
Few tax rules are as long standing and as stringently enforced by the Internal Revenue Service as the agency's blanket prohibition of deductions for the costs of commuting between home and work....
on 07/07/14
Allowable deductions for investors include the cost of travel. But the line isn't always clear on what kinds of travel qualify.Investment seminars. Internal Revenue Code Section...
on 06/30/14
Tax-savvy freelancers and other self-employed individuals know that they have two choices on how to write off their outlays for purchases of equipment and other kinds of personal property....
on 06/23/14
A perfectly legal way for freelancers and other self-employed individuals to trim taxes is to employ their children. Their salaries stay in the family, but are shifted into their lower tax bracket....
on 06/16/14
When tax time rolls around, most filers receive refunds. But just because you receive one for tax year 2013, it doesn't mean your return passed muster and you can forget about an audit. All it...
on 06/09/14
Paying the shirt off your back at tax time? Don't count on a deduction for what you wear to work from what you make at work. Generally, clothing costs aren't allowable as "ordinary and...
on 06/02/14
It's common knowledge that there's a cap on deductions for business meals and entertainment: Winers and diners get to deduct only 50 percent of their expenses. But it can be a little unclear...
on 05/22/14
If you move to a new job location this year, those friendly folks at the IRS may bestow an indirect subsidy for your moving expenses. The break comes in the form of a moving expense deduction that...
on 05/16/14
Recent drops in interest rates have prompted millions of households to refinance their mortgages. Borrowers who refinance need to familiarize themselves with tricky tax rules on what is or isn't...
on 05/12/14
Do you have clients in this situation: tapped for loans by relatives or friends who are unable to come up with the down payment for a home or who want to start a business or keep it afloat? What if...

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