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US Taxation
Investment Interest Expense: Tracing Rules & 2025 Planning for NIIT Payers
A deep dive into how investment interest expense deductions work in 2025, with practical guidance for Net Investment Income Tax...
US Taxation
Information Returns 2025: Key Updates in the General Instructions for 1099 Filers
For tax year 2025, the IRS has released important updates in the General Instructions for Information Returns that directly impact...
US Taxation
Home Improvements for Medical Need: When They Become Deductible in 2025
Many homeowners are surprised to learn that certain home improvements made for medical necessity can qualify as deductible medical expenses....
US Taxation
Hobby Losses Are Still Non-Deductible: Profit Motive Tests, Documentation, and 2026 Permanence
For U.S. individual taxpayers, the IRS continues to disallow deductions for hobby-related expenses. Understanding profit motive tests, documentation standards, and...
US Taxation
Hobby Losses Are Back Off the Table in 2026: Profit-Motive Tests You Must Meet
Starting in 2026, the IRS will once again crack down on taxpayers attempting to deduct hobby losses. The IRS expects...
US Taxation
High-Tax-State Playbook 2025: SALT Timing, Bunching, and AMT Interactions
For taxpayers in high-tax states, the State and Local Tax (SALT) deduction remains a critical part of federal tax planning....
US Taxation
Head-of-Household in 2025: Qualifying Person Rules & Bigger Standard Deduction
The Head-of-Household (HOH) filing status can save individual taxpayers thousands of dollars in 2025. With a larger standard deduction and...
US Taxation
Green Card vs. Substantial Presence: Which Comes First and Why It Matters
A clear breakdown of how the IRS determines your residency start date when both tests apply, and why it matters...
US Taxation
Gambling Winnings for Nonresidents: When 30% Applies and When Treaties Exempt (Pub. 519)
A 2025 Guide for Nonresident Aliens Navigating U.S. Gambling Tax Rules Become Our Featured Tax Expert. This premium ad space...
US Taxation
Form 1040 for TY2025: Draft-to-Final Changes to Watch Before You File
Every tax season, the IRS Form 1040 undergoes updates that can significantly impact how individual taxpayers in the USA report...