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Is a 1031 Exchange Right for You?

February 24th, 2015

If you own real property that you could sell for a substantial profit, you may have wondered whether there‚Äôs a way to avoid or minimize the taxes that would result from such a sale. The answer is yes, if the property is business or investment related. Normally, the gain from a sale of a capital […]

Getting the Most Out of Employee Business Expense Deductions

February 17th, 2015

Individuals can deduct as miscellaneous itemized deductions certain expenses that they incur in the course of their employment. Generally, qualified business expenses are un-reimbursed expenses that are both ordinary (common and accepted in your industry) and necessary and do not include personal expenses. There are two major barriers to deducting employee business expenses. The most […]

Tax Smart Gifting

February 10th, 2015

Frequently, taxpayers think that gifts of cash, securities or other assets they give to other individuals are tax deductible and, in turn, the gift recipient sometimes thinks income tax must be paid on the gift received. Nothing is further from the truth. To fully understand the ramifications of gifting, one needs to realize that gift […]

Refinanced Mortgage Interest May Not All Be Deductible

February 3rd, 2015

Mortgage interest rates continue to be low, and home values are on the uptick. If you are considering a refinance, there are some important home mortgage interest rules you should be aware of. Generally, the mortgage interest that you may deduct on your home includes the interest paid on the acquisition debt and on up […]

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