Record keeping

Give Tax Records a Mid-Year Tune-up this Summer

During the summer, you may not think about doing your taxes, but maybe you should. Some of the expenses you've paid over the past few months might qualify for [...]

Three (Incredibly Simple) Rules To Keep The IRS Away

We all have to pay taxes and no one wants any trouble. Follow these three simple rules and you’ll reduce your chances of grief from the IRS: 1. Keep Good [...]

Five Tips To Make Your Hobby Tax Deductible

Will the IRS pay for your hobby? The short answer is no. The more nuanced answer is sometimes, provided that you make it enough of a real business. If you [...]

Lawyer’s ‘International Consulting’ A Hobby, Says Tax Court

Will the IRS pay for your hobby? Not usually. But sometimes yes if you can make it enough of a real business. Kurt Strode should have known this. [...]

Tax record-keeping tips

Nothing lasts forever, but you wouldn't believe it by looking at some people's record-keeping systems. Prolific pack rats insist on keeping every scrap of [...]