When Companies Build on the Moon, How Is It Taxed?
As space business grows, accountants are asking how to handle lunar assets. Here’s how GAAP could apply beyond Earth.
Business Mileage Deduction 2026: Gas Prices Impact
Rising gas prices in 2026 may impact business mileage deductions. Learn when the actual expense method may provide better tax savings.
AI for Small Business: Reduce Costs and Scale
AI can help small businesses reduce operating costs, improve efficiency, and increase profit margins. Learn how to apply it strategically.
Medical Home Improvements and Tax Deduction Rules
Learn when medically necessary home improvements may qualify as tax deductions and how AGI limits and home value impact eligibility.
Proposed 100% Tax Targets U.S. Athletes Competing Abroad
A new bill would tax 100% of income earned by some U.S. athletes competing for other countries. Here’s what it means.
Tax Code Sec 61: What Income Is Taxable?
Learn what counts as taxable income under Section 61. Understand the broad definition of gross income and what the IRS considers taxable.
Property Tax Breaks for Disabled Veterans: A Complete Guide
Some disabled veterans qualify for full property tax exemptions. Here’s how the programs work and what New York’s new law changes.
Tax Rules for Selling a Life Insurance Policy
Selling a life insurance policy may create taxable income. Learn how life settlements are taxed and what to expect before selling your policy.
Why IRS Notices Are Increasing (And What to Do About It)
IRS enforcement is increasing with more data-driven reviews and notices. Learn why and what steps to take if you receive a notice.
Found Money Is Taxable Under IRC Section 61
Even found money can be taxable under IRC Section 61. Learn what counts as income, key exclusions, and surprising tax rules on winnings.