Tax guidance and resources

Latest Articles

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  Is an insurance settlement taxable?

  In certain cases, the remains of a settlement to repair a home’s sinkhole damage could be taxed.

  1 min read Oct 23, 2019
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  Who can help with a like-kind exchange?

  Only a qualified person can conduct a 1031 exchange for you. Here’s how to find the right one.

  2 min read Oct 23, 2019
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  Retirement account withdrawal

  Whether you withdraw from an IRA or 401(k), the tax implications are usually the same.

  2 min read Oct 22, 2019
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  Deciphering tax treaties

  The details of a tax treaty involving the U.S. and the Czech Republic are best left to an expert.

  2 min read Oct 23, 2019
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  2009 RMD rules for an IRA

  If you took a required minimum distribution for 2009, you may be able to roll it into another plan.

  1 min read Oct 22, 2019
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  Figuring car depreciation

  There are several factors in figuring the depreciation rate on a car used for business.

  2 min read Jul 23, 2018
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  Claiming capital loss on a home

  Converting your home to a rental so you can claim the capital loss won’t fly with the IRS.

  1 min read Oct 23, 2019
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  Avoiding capital gains on foreign property

  How can a U.S. citizen avoid paying capital gains tax on the sale of property in another country?

  2 min read Oct 23, 2019
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  When to pay US income tax

  What are the income tax rules if you live in the U.S. but do business in other countries?

  2 min read Feb 08, 2022
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  Like-kind property exchange rules

  When improvements are made to property that is condemned, does it count as a like-kind exchange?

  1 min read Oct 23, 2019
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  Calculating condo depreciation

  How should you handle the cost of land when deducting a condo used for rental purposes?

  2 min read Apr 22, 2021
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  Beneficiaries avoid big tax bill

  One common misconception is that the beneficiaries of an estate wind up with a big tax bill.

  1 min read Apr 06, 2022
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  Video: Miscellaneous itemized deductions

  Items in the miscellaneous category may help reduce your tax bill.

  Apr 15, 2009
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  Retirement plan rollover

  When you move your retirement plan, be sure to do it the tax-smart way.

  Apr 13, 2009
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  Deducting capital losses

  When investing in a family business that failed, can you still deduct a capital loss?

  1 min read Nov 14, 2017
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  Claiming the state income tax deduction

  Taxpayers can choose between claiming state and local income taxes or sales taxes when itemizing.

  2 min read Nov 14, 2017
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  Paying tax on canceled debt

  Unless you meet certain exclusions, the IRS considers canceled debt as ordinary income.

  2 min read Oct 23, 2019
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  Property taxes too high? Get help

  Third parties help homeowners appeal property tax bills. But should you do it yourself instead?

  6 min read Apr 11, 2022
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  Determining theft loss deductions

  An elderly victim of Internet scammers faces bankruptcy. Can he deduct the losses on his taxes?

  2 min read Mar 26, 2009
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  Figuring losses on rental property

  The cap on rental losses is meant to limit the number of deductions one person can take.

  2 min read Mar 24, 2009