If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are...

Many homeowners across the country have seen their home values increase recently. According to the National Association of Realtors, the...

The week of September 13-17 has been declared National Small Business Week by the Small Business Administration. To commemorate the week,...

A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it...

As we approach the holidays and the end of the year, many people may want to make gifts of cash or stock to their loved ones. By properly...

In recent weeks, some Americans have been victimized by hurricanes, severe storms, flooding, wildfires and other disasters. No matter...

In order to prepare for a business audit, an IRS examiner generally does research about the specific industry and issues on the...