New York City is once again considering a major shift in how it taxes high-value real estate—specifically, luxury second homes owned by non-residents. The proposal, commonly referred to as a “pied-à-terre tax,” would impose an additional annual surcharge on certain…
Many taxpayers overlook the long list of deductions that they may take when completing and filing their tax returns. The IRS has estimated that millions of taxpayers overpay their taxes each year mainly because they fail to avail themselves of…
Home-based business owners may not be aware that there are many ways to cut their tax bill. Many tax breaks are available for home-based businesses, here are some tips for taking advantage of these allowable business expenses. Business structure Sole…