Tax deductions

What some clients tried to claim on their tax returns shows they often don't know much about accounting.

Entrepreneurs who suffer continuous losses could find their work classified as a hobby by the IRS.

Bonus depreciation, Section 179, interest and loss limitations — what does it all mean?

The rewrite could affect how these firms value potential buyout targets.

Regulatory changes that ended popular deductions could prompt homeowners in high-tax states to consider relocating, a survey finds.

Many deductions are likely to disappear if Congress passes the reform bill into law.

Advisors should keep a close eye on these provisions, Dave Grant says.

The uncertain tax and legislative environment means that year-end tax planning is more important than usual. To help clients and businesses prepare for filing season, here are helpful tips.

The tax plan would make itemized deductions less valuable so some seniors would lose a deduction that covers payments for nursing homes, assisted living or inpatient hospital care.

A quick look inside the proposed Tax Cuts and Jobs Act.