Julian Block | AccountingWEB

Content by Julian Block

on 05/26/15
Question: My wife absolutely refuses to sign our joint income tax return, just because our marriage may be going down the tubes. What can I do?Answer: Nothing. A...
on 05/18/15
Question: It's a constant struggle to meet my alimony payments and support my girlfriend at the same time. And after the IRS takes its cut, I'm really strapped for funds. One...
on 05/11/15
The Internal Revenue Code looks kindheartedly on homeowners who sell at a profit. Internal Revenue Code Section 121 allows sellers to avoid taxes on some – and perhaps all – of their...
on 05/05/15
The tax laws authorize immediate relief for persons whose property is damaged or destroyed by hurricanes or other natural disasters. But this relief is only for those who suffer serious property...
on 04/30/15
Even people with the best-laid plans may overlook perfectly legal ways to diminish, defer, or deep-six taxes.For instance, the law allows individuals who buy Series EE savings bonds to postpone...
on 04/27/15
The IRS unreservedly blesses business-expense deductions of 100 percent for lodgings and 50 percent for meals when travelers are on a trip that takes them “away from home” overnight. But...
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."...

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