Federal Tax Deductions

This entry provide you with analysis and compliance guidance on every aspect of federal tax deductions, including itemized deductions, at-risk rules, charitable contributions, bad debts, and more. This area includes the following topics:

Alimony| Bad Debts| Bribes and Kickbacks| Charitable Contributions| Dependency Exemptions| Depreciation| Dividends| Domestic Production Deduction| Educational Expenses| Equipment Leasing| Housing| Interest Expenses| Legal and Accounting Fees| Limitations| Lobbying and Political Expenditures| Medical Expenses| Moving Expenses| Penalties| Research and Development Expenses| Start-Up Expenditures| State and Local Taxes| Trade or Business Expenses

Alimony Federal Tax

This section includes federal tax coverage of alimony includes child support, divorce, Section 71(b), separation, and more.

Bad Debts Federal Tax

This section includes practical tax research on bad debts topics, such as discharge-of-indebtedness income, restructuring financially troubled businesses, worthless debts, bad debt deduction, and more.

Bribes and Kickbacks Federal Tax

This section includes insights on new federal tax policies and developments concerning bribes and kickbacks, including illegal payments, burden of proof under Section 162(c)(2), deductibility, inclusiveness of public policy doctrine, and more.

Charitable Contributions

This section includes analysis and compliance guidance on every aspect of charitable contributions, including income tax deductions, federal gift tax, permissible donees, donor advised funds, and more.

Dependency Exemptions Federal Tax

This section includes compliance guidance on every federal tax aspect of dependency exemptions, including special deductions, married child filing jointly, divorced and separated parents, Section 152(3) requirements, and more.

Depreciation Federal Tax

This section includes federal tax coverage of depreciation includes depreciable property, depreciation recapture, accelerated cost recovery system, bonus depreciation, and more.

Dividends Federal Tax

This section includes practical federal tax research on dividends topics, such as arrearages, corporate distributions, earnings and profits (E&P), consent and deficiency dividends, and more.

Domestic Production Deduction Federal Tax

In the context of the federal tax transactions and topics related to the domestic production deduction, this section includes federal tax policies and developments concerning every facet of the domestic production deduction, including 199 deduction, taxable income, qualified production activities income (QPAI), American Jobs Creation Act of 2004, and more.

Educational Expenses Federal Tax

This section includes coverage of every major federal tax aspect concerning educational expenses, including qualified tuition programs, scholarships, Coverdell education savings accounts, tax credits for higher education, and more.

Equipment Leasing Tax Deductions

This section includes coverage of every major federal tax aspect concerning equipment leasing deductions, including lease transactions, the reasons for leasing, various factors that have affected lease structures, sources of legal principles governing tax lease characterization, transactions of economic substance and anti-disavowal doctrines, conduit rules, partnership anti-abuse rules, tax-exempt entity leasing rules, and more.

Housing Federal Tax

This section includes federal tax coverage of housing includes foreclosure, principal residence, mortgages, rental property, and more.

Interest Expenses Federal Tax

This section includes analysis and overviews on interest expenses from a federal tax perspective, and research on interest expenses topics, such as bonds, debt instruments, interest income, indebtedness, and more.

Legal and Accounting Fees Federal Tax

In the context of legal and accounting fees from a federal tax perspective, this section includes insights on federal tax policies and developments concerning legal and accounting fees, including attorneys’ fees, business and professional fees, transaction expenses, court fees, and more.

Deduction Limitations Federal Tax

This section includes the analysis of federal tax deduction limitations, with comprehensive coverage of every major aspect of federal tax deduction limitations, including deduction limits, public policy restrictions, personal deductions, loss deductions, and more.

Lobbying and Political Expenditures Federal Tax

This section includes analysis and insights on federal tax transactions and topics related to lobbying and political expenditures, with compliance guidance on every federal tax aspect of lobbying and political expenditures, including political activities, candidates and public office holders, Section 527, campaign contributions, and more.

Medical Expenses Federal Tax

This section includes federal tax insights on medical expenses, such as COBRA, HIPAA, workers’ compensation, accident and health benefits, and more.

Moving Expenses Federal Tax

In the context of federal tax transactions and topics involving moving expense, this section includes insights on federal tax policies and developments concerning moving expenses topics, including relocation, deductions limited to individuals, change in employment, reimbursements, and more.

Penalties Federal Tax

This section includes coverage of every major federal tax aspect of penalties, including civil tax penalties, such as failure to file and failure to pay; fraud; reasonable cause exception; deductibility of fines and similar penalties under Section 162(f); and more.

Research and Development Expenses Federal Tax

This section includes detailed analysis and insights on research and development expenses from a federal tax perspective. The content provides compliance guidance on every federal tax aspect of research and development expenses, including Section 41 R&D credit, commercial production of a new product, computer software development, aggregation of expenditures, and more.

Start-Up Expenditures

State and Local Taxes Deductions

This section includes insights on tax policies and developments concerning every facet of the state and local tax deductions, including business or for-profit activities, qualification for deductibility, tax obligations to other persons, proper timing for taking a deduction for paid or accrued taxes, complexities of accrual principles, and more.

Trade and Business Expenses Federal Tax

This section includes analysis and overviews on federal tax transactions and topics related to trade or business expenses. It includes federal tax guidance on trade or business expense topics, such as production of income expenses, for-profit activities, entertainment expenses, per diem allowances, and more.