What Is a Casualty Loss? Taxes From A to Z®
Casualty and theft loss rules have changed significantly in recent years. Here’s what taxpayers need to know about disaster losses, scam-related theft losses, and the records needed to support a deduction.
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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.
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What Is Abatement? Taxes From A to Z®
Learn what tax abatement means, when the IRS may remove penalties or interest, and how taxpayers may qualify for penalty relief.
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Taxes From A To Z 2020: Y Is For Yield Rate
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. Y is for Yield Rate. If you own stock, you may receive a dividend (not all stocks pay dividends)….
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Taxes From A To Z 2020: X Is For X Tax
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. X is for X Tax. Yes, there really is an X tax. And while it sounds like something developed…
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Taxes From A To Z 2020: W Is For Wage Base
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. W is for Wage Base. Wages and self-employment income are subject to Social Security and Medicare taxes. Together, Social…
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Taxes From A To Z 2020: V Is For Voluntary Withholding
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. V is for Voluntary Withholding. You already know that if you expect to owe tax at tax time, you…
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Taxes From A To Z 2020: U Is For Undue Hardship
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. U is for Undue Hardship. If you’d read any posts on extensions – like this one – you are aware that…
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Taxes From A To Z 2020: T Is For Tax Home
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. T is for Tax Home. You probably think of your tax home as where you live – and that…
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Taxes From A To Z 2020: S Is For Sunset
It’s my annual Taxes from A to Z series! If you’re wondering how to figure basis for cryptocurrency or whether you can claim home office expenses during COVID, you won’t want to miss a single letter. S is for Sunset. Tax rules change a lot. But some of what is sometimes billed as change isn’t…
