Can you deduct mortgage interest without being legally liable for the loan? Learn how equitable ownership might allow you to claim deductions, even without legal title. Discover key Tax Court examples.
Explore IRS Bulletin 2024-43’s highlights: updates on long-term part-time employee rules for 403(b) plans, drought-related tax relief, and extensions for conservation easements and HUD–VASH eligibility.
Is roof replacement a deductible expense or a capitalized cost? This article discusses the IRS Cap and Repair Regulations and how safe harbor provisions affect small taxpayers with roof repairs.
Did you know lemon law settlements could impact your taxes? From taxable compensation to legal fees, learn how different parts of a settlement may affect your tax return in this article.
