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What to Do if You Receive an IRS Letter
Don’t panic and know what to do if you receive an IRS letter. Learn the key steps to take and how to plan your next move.
first-year-real-estate-depreciation-deductions

Advantages and Disadvantages of Claiming Big First-Year Real Estate Depreciation Deductions

Your business may be able to claim big first-year depreciation tax deductions for eligible real estate expenditures rather than depreciate them over several

standard-business-mileage-rate-in-2022

Audit-Proof Your Business Mileage

If you’re taking a deduction on your vehicle, either for actual expenses or mileage, you’ll want to make sure your deduction is “audit

Seniors-may-be-able-to-write-off-Medicare-premiums

When Can Seniors Deduct Medicare Premiums on Their Tax Returns?

If you’re age 65 or older and have basic Medicare insurance, you may need to pay additional premiums to get the level of

net investment income tax

Reduce the Impact of the 3.8% Net Investment Income Tax

High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment

tax deductions when traveling for business

Traveling for Business This Summer? Here’s What You Can Deduct

If you and your employees are traveling for business this summer, there are a number of considerations you should keep in mind. Under

Benefits-of-a-living-trust

Benefits of a Living Trust for Your Estate

You may think you don’t need to make any estate planning moves because of the generous federal estate tax exemption of $12.92 million

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