Tax Tips Articles

When I first started my business I wrote tax articles for my local newspaper The Bullard Banner News and shortly thereafter began answering reader's questions on my blog.

Per the request of my blog readers, I have converted many of my articles to a PDF format, which you can find on this page. PLEASE NOTE tax laws may have changed since the writing of these articles. Please consult your tax advisor before using any information printed in any of these articles. If you would like to reprint any of my articles, please email me and I will review it and make any modifications that may be necessary due to a change in the tax laws before your republication.

Tax Tips for Individuals

7 Habits of Highly Defective Taxpayers
529 Plan Contributions
Assisted Living Deductions
Beware of AMT
Can You Claim a Credit for Paying AMT?
Care For Your Parent
Casualty Losses - An Overview
Commonly Missed Charitable Deductions
Co-op Expenses
Converting Personal Residence to Rental
Deduct Your Child's Summer Camp
Deducting Home Improvements as Medical Costs
Dependent - Online School
Don't Be Afraid to Amend Your Return
Education Expenses
Energy Efficient Home
Exemptions
Family Reverse Mortgage
Filing Status
Foreign Taxes
Gift: Stock or Proceeds
Hiring Household Help
How Long to Keep Records
Illegal Aliens and Taxes
Inherited IRA - RMD
Installment Sales
ISO - Disqualifying Disposition
Marriage and Taxes
Medical Expenses
Municipal Bond Swap
Offer In Compromise
Renting Personal Residence
Restricted Stock
Roth IRA - Excess Contributions
Roth IRA - Withdrawals
Sale of Mother's Home
Severence Pay
Should I Buy A Hybrid?
Stock Sales
Tax Credits
Treat Capital Gains as Investment Income
Two Home Sales in less than Two Years
Why File A Return?
Why Hire a Tax Professional?
Withholding & Estimated Taxes

Tax Tips for Small Businesses

Accountable Plans
Bartering and Taxes
Business or Hobby
Business Loan or Home Equity Loan
Business Loans to Owners
Car and Truck Expenses
Cost Segregation
Deduct New Business Costs
Deductible Telephone Expenses
Deducting Your Vacation
Employee or Independent Contractor
Hire Your Children and/or Parents
Hobby Rules Unfair
Home Office Deduction
Multiple Corporations - Defer Income
Multiple Entities
New Texas Franchise Tax
Organize Your Business Records
Partnership Basis
Payroll - End of Year
Qualified Domestic Production Deduction for Small Businesses
Rental Property - Sale
Rental Property - Allocate Sales Price
Sale of Timber
Small Business Bookkeeping
Tax Free Exchange of Real Estate
Vehicle Depreciation Recapture
Which Entity Should You Use?