Keep, Rent Out, or Sell Your Vacation Property
The value of vacation properties, like the value of principal residences, has fallen on average by 25% in this dismal housing market. The number of sales has plummeted as potential buyers are squeezed in a tough economy by stock market declines and fears of job loss. More
Latest Headlines
IRS Releases Audit Guide on Hobby LossesFree
When you engage in an activity without having a profit motive, deductible losses from the activity each year cannot be greater than income from the activity. The IRS has now released an audit technique guide for its agents to use in determining whether an activity is engaged …More
Tax Tips
Renew membership dues?Free
Many trade and professional associations operate on a calendar year basis so that dues run from January 1. Check whether to join or renew your membership. Dues paid to trade or professional associations, business leagues, chambers of commerce, civic or public service organizations …More
Ask JK Lasser
A: Good news — the rebate check is like a gift from Uncle Sam. You are not taxed on the amount of the check you receive. Also, the check won't count toward or negatively impact any other income-based government benefits, such as Social Security benefits. …More
Small Business Help
Report It All!
Don't neglect to report all your business income. Report any interest on business bank accounts, recoveries of previously deducted bad debts, and any loan forgiveness (unless you opt to reduce certain tax attributes that will impact your taxes down the road).
Personal Finance
Questions on personal finance? Look no further. JK Lasser offers insight into everything from home ownership to retirement and investing.
JK Lasser Download Store
Our download store features bite-sized content from leading experts.
Our featured title: Inherited IRAs: What Your Family Needs to Know.
