Author Archives: taxblogger

TMTW #442 – Can the IRS Require Odometer Readings with the Mileage Rate?

Tax and Money Tip of the Week: Can the IRS Require Odometer Readings with the Mileage Rate? July 17, 2019 | No. 442 Do you claim your business miles at the IRS optional rate? If so, imagine you are now being audited … Continue reading

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TMTW#441- S Corp Owners: Avoid This S Corporation Health Insurance Deduction Mistake

Tax and Money Tip of the Week: S Corp Owners: Avoid This S Corporation Health Insurance Deduction Mistake July 10, 2019 | No. 441 If you own more than 2 percent of an S corporation, you have to do three things to … Continue reading

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TMTW #440 – Happy 4th of July!

Tax and Money Tip of the Week: Happy 4th of July! July 3, 2019 | No. 440 Wishing you and your family a Happy 4th of July! Questions or Comments? You can add comments on the blog, call 919-847-2981, or visit our web site. … Continue reading

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TMTW#439 – Rental Property: Know These Tax Rules If Your Average Rental Is Seven Days or Less

Tax and Money Tip of the Week: Rental Property: Know These Tax Rules If Your Average Rental Is Seven Days or Less June 26, 2019 | No. 439 If you own a condominium, cottage, cabin, lake or beach home, ski lodge, or … Continue reading

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TMTW#438 – Life Insurance Policy Loan: Can Be A Tax Nightmare

Tax and Money Tip of the Week: Life Insurance Policy Loan: Can Be A Tax Nightmare June 19, 2019 | No. 438 Do you have an insurance policy that has built up an internal cash value? Are you taking loans from your … Continue reading

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TMTW #437 – TCJA Allows Bonus Depreciation on Purchase of Leased Vehicle

Tax and Money Tip of the Week: TCJA Allows Bonus Depreciation on Purchase of Leased Vehicle June 12, 2019 | No. 437 Before the Tax Cuts and Jobs Act (TCJA), your purchase of the vehicle you were leasing did not qualify for … Continue reading

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TMTW #436 – Backdoor Roth IRA Opportunities Still Available After TCJA

Tax and Money Tip of the Week: Backdoor Roth IRA Opportunities Still Available After TCJA June 5, 2019 | No. 436 Good news. The Tax Cuts and Jobs Act (TCJA) did not harm the backdoor Roth strategy. As you likely know, the … Continue reading

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