"Proving Basis in Your Home: The 2026 Cost of Bad Records" To get my complete, FREE articlewith all the details… For decades, most homeowners never had to prove what they spent on their home. The sale exclusion swallowed the whole gain, so the receipts went in the trash. That assumption is getting riskier every year, because the exclusion amounts haven't moved since … [Read more...]
Refinancing a Rental: Avoid a Bad Interest-Deduction Trace
"Refinancing a Rental: Avoid a Bad Interest-Deduction Trace" To get my complete, FREE articlewith all the details… Refinancing a rental property doesn't automatically make all the interest deductible. The IRS looks at something else. Here are three quick takeaways: 1. The way you use the refinance proceeds—not the property securing the loan—determines … [Read more...]
Commission Rebates in 2026: Cut Your Fee, Don’t Cut a Check
"Commission Rebates in 2026: Cut Your Fee, Don't Cut a Check" To get my complete, FREE articlewith all the details… You want to win clients by giving them a break on your commission. How you hand over that break — a check or a smaller fee — can quietly change your tax result. One approach leaves you with nothing to deduct, nothing to substantiate, and nothing to … [Read more...]
Both the CPA and the IRS Are Wrong on This 2026 Home-Office Audit
"Both the CPA and the IRS Are Wrong on This 2026 Home-Office Audit" To get my complete, FREE articlewith all the details… A real estate agent sat across from an IRS auditor and was told the home-office deduction was dead because the brokerage provides a desk. Their own CPA sat beside them and agreed. Both were leaning on an old court case. The answer was sitting in … [Read more...]
Health Insurance Application Does Not Control Your Tax Deduction
"Health Insurance Application Does Not Control Your Tax Deduction" To get my complete, FREE articlewith all the details… The fine print on your health insurance application may sound alarming—but it doesn't necessarily determine your tax deduction. Here are three quick takeaways: To get the full story don’t miss my latest issue of the Tax Reduction … [Read more...]