What you need to know about the business vehicle depreciation deduction You must use the actual expense method for vehicle depreciation...

If you have never heard of a retirement planning strategy known to many as the “Back-Door Roth,” it is time you find out. What is it? Why...

The contributions you make to your IRA are intended to supplement your income during your retirement years. However, as much as you would...

The new tax law benefits REIT investors more than it does the real estate investment trusts themselves. REAL ESTATE HAS traditionally...

Construction contractors have many tax reform measures to evaluate as they work to stay compliant with the law and minimize tax exposure....

You may qualify to exclude from your income all or part of any gain from the sale of your main home. Your main home is the one in which...

The tax reform package that became law late last year had substantial impacts on American taxpayers. Major changes to the standard...

One of the most significant learning curves immigrants must climb is the U.S. tax system. Fortunately there are a few key points that can...

Median state tax rates can vary considerably. Looking for a state that doesn't have a property tax is like grabbing binoculars to watch...

Congress recently passed the most significant tax reform legislation since 1986. The Tax Cuts and Jobs Act, approved in late 2017, should...

The Pros and Cons of Filing a Joint Married Return The Internal Revenue Service doesn't force married couples to file joint income tax...

Although most states do not impose sales tax on construction services, contractors must be aware sales tax rules when they purchase and...

Claiming The Tax Benefits One great real estate investing strategy which requires no credit and sometimes little or no money is to take...

First, what is a land trust?  Under a land trust agreement, a Trustee holds title to a property for the benefit of the beneficiary.  The...

Unrelated Business Income Tax (UBIT) was created by the congress to level the playing field for businesses established under the umbrella...

Forget about keeping up with the Joneses. This time of year you want your house to be as crummy as possible. Why? Because it’s property...

One of the most highly touted benefits of homeownership has traditionally been the write-offs homeowners can claim to reduce their...

Six out of 10 affluent adults expect to change their financial plans due to new tax law. The estate and gifting exemption is up to about...

With the rigors of physical labor and the headaches of compliance regulations, most construction workers would appreciate a break after a...

The 2018 filing season kicked off on January 29, 2018. Before all is said and done, the Internal Revenue Service (IRS) anticipates...