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  Depreciation rules on sale of tractor

  When you sell your depreciated tractor, you can delay, but not avoid, paying tax on the gain.

  2 min read Oct 23, 2012
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  Rental expenses you can and can’t write off

  A handyman can’t write off his time, but he can write off a lawn mower purchased for the rental.

  2 min read Aug 07, 2012
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  Accounting for unreimbursed expenses

  Unreimbursed expenses incurred by a business partner aren’t reported to the IRS on Schedule K-1.

  2 min read Aug 02, 2012
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  Capital gains tax on inherited property?

  The rules that apply to inherited property in the U.S. also apply to inherited foreign property.

  2 min read May 08, 2012
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  Earnings too high to claim passive losses?

  If you earn too much money, rental loss claims against your income may be in jeopardy.

  2 min read Apr 05, 2012
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  Sale of inherited stock could be tax help

  If you’re left some stock and have to sell it at a loss, you could come out ahead at tax time.

  2 min read Mar 14, 2012
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  Capital gain tax and nonresident investors

  Is it really true nonresidents don’t have to pay taxes on capital gains tax on stocks?

  3 min read Jan 19, 2012
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  Figuring taxes on failed installment sale

  When a buyer stops paying and a renter trashes her condo, what is this widow to do?

  3 min read Jan 17, 2012
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  Deducting investment interest expense

  Your mortgage interest can offset investment income from dividends, interest and capital gains.

  2 min read Jan 12, 2012
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  Taxable fringe benefits from the employer

  If an employee doesn’t pay premiums for disability insurance, are benefits taxable?

  2 min read Nov 17, 2011
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  How to pay taxes on a Roth IRA conversion

  After losing a job, a tax bill for your IRA conversion is the last thing you need.

  3 min read Jul 28, 2011
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  Ordinary loss: extraordinary tax deduction

  If inherited property loses value, your tax strategy depends on how the IRS will categorize your loss.

  3 min read Jul 12, 2011
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  Deducting taxes on unimproved land

  You can elect to capitalize some expenses if you can’t benefit from a tax deduction.

  2 min read Jun 02, 2011
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  Pay off mortgage with IRA funds?

  Although you’re more than 59½ years old, you still have to pay income tax on the withdrawal.

  1 min read May 12, 2011
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  ‘American Idol’: One contestant’s story

  The road to "American Idol" can lead to stardom, but it will still cost you.

  3 min read May 06, 2011
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  Claiming 25-year-old son as dependent

  You should amend your tax return, as he earned too much money to be claimed as a qualifying relative.

  1 min read May 05, 2011
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  Capital gains treatment of warrants

  With warrants, your holding period starts the day you exercise your right to acquire the stock.

  1 min read Mar 08, 2011
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  Is 19-year-old still a dependent?

  You can claim two types of qualifying dependents on your return, if they meet IRS rules.

  2 min read Jan 27, 2011
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  Capital gain exclusion applies to foreign home

  U.S. citizens living abroad pay tax on income and gains, though foreign home gain may be excluded.

  2 min read Dec 07, 2010
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  Owe the IRS taxes from years ago

  The IRS has 10 years from the date the tax is assessed to collect any unpaid balance.

  2 min read Aug 26, 2010