Deduction for Theft Loss and Legal Fees Denied
The taxpayer failed to substantiate that a theft occurred or, if it did, its tax year of discovery for his...
The Home Sale Gain Exclusion in Today’s Market
May 29, 2025
With the recent surge in home prices, it’s time for advisers to brush up on this valuable tax exclusion. Sec....
Tax planning for physicians
May 23, 2025
Tax planning is a crucial aspect of wealth management, particularly for high-income professionals such as physicians. Many physicians, whether they...
Lower Auto Depreciation Limits Issued for First Time in at Least 3 Years
Mar 13, 2025
For the first time in at least three years, the IRS issued lower depreciation limitations for passenger automobiles. These limits...
The Potential Tax Liabilities of a Divorce
Feb 10, 2025
Tax season has officially started, Americans can start preparing now to avoid any surprises. For couples getting divorced, tax planning is...
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