Me: I am the receptionist/blogger extraordinaire at Bourke Accounting and I have to be peppy for my job. I need to deduct my Red Bull. Taxman: No. Me: Awwww (kicking rocks). Obviously, I can’t deduct my energy drinks. After the Tax Cuts and Jobs Act, it wouldn’t make much sense anyway,… Read More
The Internal Revenue Service has advised taxpayers that in many cases they can continue to deduct interest paid on home equity loans. Responding to many questions received from taxpayers and tax professionals (yep, that is us), the IRS said despite newly-enacted restrictions on home mortgages, taxpayers can often still deduct interest on a home equity… Read More