Two recent Tax Court cases show why it’s so important to keep contemporaneous mileage logs when claiming deductions for business driving. “Contemporaneous” means updated at least weekly.
In ...Read more
An automobile accident can be a physically, emotionally and financially jarring experience. In a study by the National Highway Traffic Safety Administration, the human and financial costs of car ...Read more
One of the most important decisions you'll ever make is how to legally organize your business. There are several alternatives, and the form you choose will have a big impact on how you're taxed, ...Read more
You’re out there on the road, somewhere between a sales call and a pit stop. Driving while you work, working while you drive. It’s not easy but someone’s got to do it. To make the miles tick by ...Read more
The federal income tax law recognizes that you must spend money to make money. Virtually every real estate agent or broker, however small his or her business, incur some expenses. Even an agent or ...Read more