Tag Archives: Deduct

Line of Credit Standby Fees, to Deduct or to Capitalize?

Many businesses rely on a standby line of credit to cover their expenses, to weather downturns, and to grow.  But this credit can be expensive in terms of interest and fees. The fees can be problematic as they may not … Continue reading

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Statutory self-help provision to deduct money from employee’s earnings declared unconstitutional

The Constitutional Court declared unconstitutional a provision in the Public Service Act entitling the government to deduct money due by an employee without any hearing. The employee had been overpaid a salary for a five year period because of a … Continue reading

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Can I Deduct Your Fees?

The legal fees incurred with regard to a divorce can be substantial. I have written several blog posts in the past cautioning litigants of how their decisions and actions during a divorce matter can dramatically impact the level of legal … Continue reading

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IRS May Limit Ability to Deduct Property Tax Prepayments

The IRS published guidance in early January that potentially limits some taxpayers’ ability to prepay their real property taxes in 2017 for future years. The Tax Cuts and Jobs Act (TCJA) limits the combined deduction for local, state, and property… … Continue reading

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Paying and Caring for Somebody? Probably, You May Deduct Some Taxes

With taxes looming over us and haunting our financial and non-financial decisions alike, it is time to delve into our expenses and find places where we could deduct some taxes, if possible. There are some ways to deduct some of … Continue reading

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