What Qualifies as a Deductible Theft Loss?

Code Sec. 165(a) allows as a deduction any loss sustained during the tax year and not compensated for by insurance or otherwise. Included in the…

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Tax & Accounting Blog

Too Much Information

States are increasingly using their taxing agencies as major revenue-producing departments, as opposed to one of assuring compliance with the laws, resulting in some skewed…

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Too Much Information

States are increasingly using their taxing agencies as major revenue-producing departments, as opposed to one of assuring compliance with the laws, resulting in some skewed…

read more