Using REITs As an Inflation Hedge
Nervous investors are now beginning to ask, “Could REITs help carry our portfolios through a likely inflationary stretch ahead?” REIT Rules The beauty of REITs is that investors can invest …
Denver Bronco’s Payoff Isn’t Deductible
Ordinarily, deductible business expenses include payments to settle disputes. But the IRS is clear that it will allow the deduction only if the argument arose from a business-related activity. When it comes to …
IRS Publishes 2022-2023 Special Per Diem Rates
According to Notice 2022-44 from the IRS, various regulations outline the rules for using a per diem rate to substantiate the amount of ordinary and necessary business expenses paid or incurred …
What To Know About the Alternative Minimum Tax
The alternative minimum tax was created to ensure that all taxpayers pay their fair share of taxes, even when claiming any and all relevant credits and deductions. The AMT increases …
The Inflation Reduction Act: What Does It Contain?
On August 12, Congress passed the Inflation Reduction Act, over 700 pages of economic changes. What does the act do? And just as important, what does it not do? To start with …
Home Office Deductions: More Complex Than They Seem
It’s not always easy to figure out which home office write-offs are acceptable and which are not approved by the IRS. Below is a summary of the key provisions to …