5 possible tax aspects of a parent moving into a nursing home
August 4, 2021
Long-term care, including nursing home care, is expensive. Fortunately, there may be tax breaks if your parent is moving into a nursing home.
Is an LLC the right choice for your small business?
August 3, 2021
There are several options for operating your small business. For example, a sole proprietorship, an S corporation or a partnership. Take a look at why a limited liability company (LLC) might be right for you.
You may have loads of student debt, but it may be hard to deduct the interest
July 28, 2021
Student loan interest is deductible for some borrowers subject to certain limits. Find out if you qualify.
There’s currently a “stepped-up basis” if you inherit property — but will it last?
July 27, 2021
Have you inherited assets or are you planning your estate? If so, it’s crucial to understand the current “step-up” basis rules and why they might change.
The deductibility of corporate expenses covered by officers or shareholders
July 26, 2021
If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the business can deduct the expense. Here are the rules.
Getting a new business off the ground: How start-up expenses are handled on your tax return
July 20, 2021
Business applications have increased over the past year, according to the U.S. Census Bureau. If you’re launching a business, here’s how start-up expenses are treated on a federal tax return.
