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

Q: Is the rebate check (called a "stimulus payment") that we receive in May under the Economic Stimulus Act taxable income to us? Do we have to report it on our 2008 income tax return?Free
— Submitted by Diane

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.

Follow Us on Twitter

Find out what the experts at JKLasser.com are tweeting about!

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.