Person Huff CPA Group Asks: Is Your Vacation Tax-Deductible?
Taking a vacation soon? Part of your summer trip could be tax-deductible. Call Person Huff CPA Group at 780-8299 to find out how!
Summer Travel Tax Deductions
The summer travel season is almost upon us. Keep in mind that if your summertime travel is primarily for business or career-related education, then a portion of the trip may be tax-deductible. As long as most of your travel days are for business purposes, you can deduct the cost of travel (airfare, trains, car), hotel, parking, taxi service, meals, and so on.
Cut Taxes on the Sale of Your Home
Despite the slumping real estate market, houses are still being sold and there is money to be made. Sellers need to take a close look at the exclusion rules and cost basis of their home to reduce taxable gain on their house.
Timing Mistakes That Cost Thousands of Dollars
Sometimes we need to talk here about costly taxpayer mistakes that could have been avoided with professional consultation. Take the recent case of a securities firm owner doing business as an S corporation. An S corporation's income is directly taxable to its owners, and its losses pass through to owners for deduction on their tax returns.
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Person Huff CPA Group is located at 3200 Lake Villa Drive in Metairie. Their telephone number is 504-780-8299
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