If you have large expenses like mortgage interest and medical costs or made charitable deductions this year, you may be able to itemize instead of claiming the standard deduction. Itemized deductions allow you to account for each expense, potentially res
airplane ticket, or special piece of equipment. Or you might have to drive your own car to a conference or other work-related event. If your employer doesn’t pay you back, you might be able to deduct the unreimbursed employee expense on your tax return. ...
consider how that could help you land a job. You might even find an online program that would make it possible to brush up on your skills from the comfort of your own home. The American Opportunity Tax Credit allows you to receive up to $2,500 for the cost of qualified tuition ...
Tobecome an NHR, you will need a rental contract of 6 months or longer, or a property in Portugal in your name. You can move to Portugal at any point during the first part of the year, so as to satisfy the 183 days residency test that most countries use to determine fiscal residency...
TransAlta, pursuant to section 68 of the ITA to reallocate the premium to tangible assets on the basis that the practice by regulated industries of allocating purchase price premium to goodwill was unreasonable as it allowed the vendors to avoid recapture of capital cost allowance on its tangible...
That same day, Taxpayer paid Captive a “premium” in the amount of $1.2 million, which it deducted as an insurance expense on its tax return for Year One. The Court observed that this premium payment “was at least a bit odd,” because Taxpayer had not yet completed any underwriting que...
This webinar will guide tax professionals through the Tax Court process. Our panel of federal tax controversy and litigation experts will disclose the criteria for filing a Tax Court petition, the steps in the Tax Court process, and the imperative deadlines taxpayers must meet to successfully resolv...
Navigating Tax Court: Filing a Tax Court Petition, Burden of Proof, Discovery, Avenues for... Utilizing Tax Court to Resolve Taxpayer Disputes March 4, 2025 • CPE, EA • Live Webinar This program is included with the Strafford CPE Pass. Click for more information. This program is incl...
Navigating Tax Court: Filing a Tax Court Petition, Burden of Proof, Discovery, Avenues for... Utilizing Tax Court to Resolve Taxpayer Disputes March 4, 2025 • CPE, EA • Live Webinar This program is included with the Strafford CPE Pass. Click for more information. This program is incl...
Income nature and calculation method of capital gains PN36 clarifies that the transfer of the State bonds shall be regarded as a transfer of property as stipulated in the CIT Law and hence the gains or losses from such a transfer should be included in the taxable income subject to CIT. The...