When Rental Activities Go Wrong

When Rental Activities Go Wrong

Today we’re going to look at a recent Tax Court case regarding a husband and wife partnership with rental property. An example of when rental activities go wrong! In the case of Dunn v. Commissioner, TC Memo 2022-112, the married couple lost deductions for their...
Top 3 Errors to Avoid with Stock Options

Top 3 Errors to Avoid with Stock Options

Filing taxes for stock options and equity compensation can be deceptively tricky. In addition to your W2, you might receive numerous other forms like: Form 1099-B, 3921 and 3922. Worse yet, these forms can be incomplete (and possibly incorrect!) leading to the...
Home Energy Tax Credits

Home Energy Tax Credits

In August 2022, the Inflation Reduction Act revised two credits available for energy efficient home improvements and residential clean energy equipment. The credits are now worth more and extended further than under previous legislation. Let’s find out how you can...
Qualified Small Business Stock

Qualified Small Business Stock

There are very few “free lunches” in the tax code. Qualified Small Business Stock (commonly referred to as “QSBS”) rules are one of the best giveaways in the tax code. Imagine selling $10,000,000 of stock at a gain and paying no tax on the profit on April 15th. That’s...

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