What Are Hot Assets? Taxes From A to Z®
What are hot assets in tax law? Learn how IRC Section 751 treats certain partnership assets and why selling them can trigger ordinary income instead of capital gains.
-
-
You Be the Tax Judge: The Verdict on a Money-Losing Horse Business
The Tax Court weighs in on a money-losing horse-breeding business—and explains why years of losses don’t necessarily make it a hobby.
-
You Be The Tax Judge: They Loved Horses. They Lost Money. Was It Still A Business?
An Idaho couple kept raising horses despite years of losses. The IRS called their ranch a hobby. They called it a business. You be the Tax Judge.
-
What Is Estimated Tax? Taxes From A to Z®
Learn how estimated tax payments work, who needs to make them, when payments are due, and how safe harbor rules can help you avoid penalties.
-
IRS Mileage Rates Changed Midyear: What To Know Before Year-End
The IRS changed its standard mileage rates in July 2026. Here’s what to know about business, medical, charitable, and moving mileage before year-end.
-
IRS Announces New Per Diem Rates For Business Travel
The IRS has released new per diem rates for business travel, including updated high-low rates of $329 and $230, effective October 1, 2026.
-
You Be The Tax Judge: Ream v. Treasury, Who Won?
John Ream challenged the federal ban on home distilling. So, who won? Two federal appeals courts considered the question—and reached different answers.
-
10 Things to Know About Your Paycheck and Payroll Taxes
It’s National Payroll Week. Here are 10 things workers and employers should know about withholding, payroll taxes, worker classification, records, and more.
-
What Is Bonus Depreciation? Taxes From A to Z®
Learn how bonus depreciation works, which business property qualifies, and how OBBBA’s restored 100% deduction affects property acquired after January 19, 2025.
-
Make Your 4th Quarter Estimated Payments By January 17
Heading back to the office after the holidays is always challenging. But as you get back to work—and get busy—don’t forget to make your fourth-quarter estimated tax payments. They are due on or before January 17, 2023. Who Needs To Make Estimated Payments? Generally, you should make estimated tax payments if you are not subject…
