It's a holiday week so I'm re-publishing popular blog posts from the past. This post from 2015 talks about dealing with franchise fees. ----- Originally published February 16, 2015 Scenario: client is a sole proprietor. They enter into a small ($5,000), 5-year franchise agreement. The client is paying the $5,000 over a 24-month period. The client [...]
From the Archives: You Can’t Rent Out the Dream Home, But What if You Could? Part 5 of the HGTV Series
This is part 5 out of 6 disjointed, strange posts in 2012 about what would happen (tax-wise) if someone won the HGTV "Dream Home." As you'll see when you read it, it was hard to follow, but it remains popular almost 6 years later.
It's a holiday week, so I'm re-publishing popular blog posts from the past. Just like Monday's "From the Archives," this one from last September is about college professors and their work-related expenses. ----- Originally published September 26, 2016 Image courtesy of Pixabay.com College professors may be entitled to certain deductions on their tax returns for classroom [...]
Can an adjunct professor take the $250 front-side deduction for teacher supplies. Short answer: no.