Practitioners are working to get clients in line so they can fulfill IRS requirements to prove their clients qualify for ...

The home office tax deduction is a tax break that some self-employed people who work from home can take advantage of. Here's what you need to know.

The Schedule D tax worksheet helps investors calculate certain kinds of investment income for the Schedule D form, including depreciated real estate. The Schedule D form tells the IRS when a ...

Another item for U.S. inpatriates to consider is potentially having to pay taxes on foreign currency gain when they pay off their non – U .S. mortgage. If an individual pays off a non – U .S. mortgage ...

Tax practitioners should be familiar with the special rules that apply and issues that can arise when an accounting method change is made while a taxpayer is under IRS examination.

The House Republicans’ budget bill calls for a bigger 199A deduction for qualified business income. If enacted, here’s who could qualify.

A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations ...

Example of Unitholder Tax Calculation An investor buys shares of a REIT trading at $20 per unit. The REIT generates $2 per unit from operations and distributes 90% (or $1.80) to unit holders.

14,400 in income tax. This calculation is based on the assumption that the individual is taking a standard deduction of Rs 75,000 under the new tax system. If a salaried employee also claims a ...

Over my forty years or so in and around dealing rooms and financial markets, I have heard many theories as to how to approach that problem and have settled on a process that has worked for me ...