How Real Estate Pros Unlock Tax Benefits for Landlords
Explore the qualifications to be recognized as a real estate professional for tax purposes and the significant tax benefits associated with this designation.
Occupation
Airline Pilots & Crew Members Tax Tips
One of the most important things to understand about taxes for airline pilots and crew members is that they aren’t necessarily taxed the same way the rest of us are. Learn more.
Day Care Providers Enjoy Special Tax Benefits
A taxpayer who is in the business of providing family day care in their home may deduct the ordinary and necessary expenses of their business. The two primary d
Clergy Tax Benefits Under Fire
Section 107 of the Internal Revenue Code provides that a minister of the gospel’s gross income doesn’t include the rental value of a home (parsonage
Tax Deductions for Telecommuting Employees
Record separately items having a useful life of more than one year. Normally, the costs of such assets are recovered differently on your tax return than are oth
Tax Deductions for Airline Flight Crew Personnel
Dues paid to professional societies related to your occupation are deductible.
Tax Deductions for Restaurant Service Staff
If you are a waiter or waitress, the IRS requires you to keep a record of your tips.
Tax Deductions for Entertainers
Educational expenses are deductible under either of two conditions: (1) your employer requires the education in order for you to keep your job or rate of pay; o
Tax Deductions for Day Care Providers
Your auto expenses are based on the number of qualified business miles you drive.
Tax Deductions for Clergy
Many members of the clergy are paid a cash âhousing allowance,â which they use to pay the expenses related to their homes (e.g. interest, real property taxe