by apexcpas | Jul 4, 2018 | Tax Planning
An investor’s intent may not always be obvious, but recently a couple’s activities helped clarify their decisions for the Tax Court. The IRS questioned the validity of a like-kind exchange made by Patrick and Jill Reesink of San Francisco. And the case...
by apexcpas | Jul 4, 2018 | Tax Planning
The IRS has provided the annual inflation-adjusted contribution, deductible and out-of-pocket expense limits that will apply to health savings accounts for 2013. Subject to statutory limits, eligible individuals may make tax-deductible contributions to health savings...
by apexcpas | Jul 4, 2018 | Tax Planning
With some parts of the economy starting to pick up, more people are in the market for a new job. Here are eight tax tips about the costs you might incur while job hunting – and the ins and outs of related tax deductions: To qualify for a deduction, the expenses...
by apexcpas | Jul 4, 2018 | Tax Planning
The Atlantic Monthly recently took note of a Florida law designed to preserve farmland by offering lower property taxes to farmers. According to the investigative report, enterprising developers and other landowners allow cattle to graze on their properties...
by apexcpas | Jul 4, 2018 | Tax Planning
A recent Tax Court decision serves as a reminder that couples should carefully scrutinize tax considerations in connection with a divorce. In this case, David LaPoint, a professional baseball player, entered into a postnuptial agreement (David LaPoint v. Commissioner,...