Have you heard about the guy who walked into an accounts receivable department to pay a compliment?
... Read This PostDefinition – A record in hand is worth a deduction
When you give, you get. That's true in the case of tax deductions for charitable contributions too, as long as you have records.
... Read This PostDefinition — Losing the deduction
One casualty of the December 2017 federal tax law was the personal casualty and theft loss deduction.
... Read This PostDefinition — Stirring up the salt
Are you watching your sodium levels by limiting your salt intake? The IRS says the time has come to limit the SALT on your tax return too.
... Read This PostDefinitions — Proposing a deduction
In the language of math, 199 is an odious number. In the language of tax, 199 is an internal revenue code section.
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Definitions — Based on debt
In the world of karma, no debt goes unpaid. In the world of tax law, the question is whether the debt is bona fide.
... Read This PostDecisions — Gross details
Depending on your source of information, the definition of "gross" can be extremely good, extremely bad, or an acronym for a club in an old cartoon.
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