3 Midyear Tax Planning Strategies for Business
Tax reform has been a major topic of discussion in Washington, but it’s still not clear exactly what this legislation will include and if it will be signed into law this year. However, the last major tax legislation that was signed into law (back in December of 2015) still has a significant impact on tax […]
Own a Vacation Home? Adjusting Rental vs. Personal Use Might Save Taxes
If you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax consequences: If you rent it out for less than 15 days: You don’t have to report the income. But expenses associated with the rental (such as advertising and cleaning) won’t be deductible. […]
