Proposed IRS Regulations Would Once Again Enhance Risks Related to Syndicated Conservation Easements

Conservation easements have long served as a tax mitigation tool for high-income taxpayers. They also have a long history of drawing scrutiny from the Internal Revenue Service (IRS). While conservation easements provide a legitimate way for high-income taxpayers to reduce their federal tax burden, they also present significant potential for […]

Serving in the military is a career choice that comes with a great deal of personal sacrifice. However, the U.S. government also offers service members certain benefits. In today’s post, we discuss some of the tax benefits specifically designated for members of the military: Reduced interest on debt As a […]

The term “tax shelter” often gets a bad rap. In media coverage, tax shelters are often discussed as fraudulent mechanisms for businesses to illegally avoid paying all of the taxes they owe. However, it’s worth noting that there are legal ways to use tax shelters as well – often with […]

Moving to a new home can be time-consuming, exhausting, and expensive. However, many people don’t realize that when they relocate, they may be able to deduct their moving expenses on their tax returns. Depending on how much your move cost, this deduction could spell significant savings. It’s worth noting that […]

There are many potential red flags on your tax return. Most of us know that the Earned Income Tax Credit is something that can provoke an audit. We’ve also talked about lifestyle triggers; buying or writing off luxury items such as sports cars and first-class international airfare when your income […]

Anyone who’s ever flown first class to Europe knows that it makes a difference. When you are gastronomically pampered with a five-course French meal, including a cheese selection and a buttery croissant, that is also expertly paired with a 68-degree Bordeaux or bubbly Comtes Grand Cru AND you get to […]

The pandemic has changed the way we think about working, socializing, our health, education, child care, and now taxes. The pandemic has forced many businesses and their employees to eschew meeting together to work. This has meant a shift to work from home, increased “side gigs,” more virtual meetings, and […]