Here is a common question, “when do I have to capitalize an expenditure and when can I deduct it as a repair or maintenance item?” The difference between expensing and capitalizing can mean the…
More ➤In an article published last week (“A Reno Neighborhood Drinks in Style”), The New York Times declared “Reno is now a city of sustenance as well as indulgence.” This declaration came after some enthusiastic…
More ➤If this week’s negotiations to raise the federal debt ceiling do not end well, there could be major consequences to the economy. Administration officials say that by Thursday they will have exhausted all borrowing…
More ➤The government shutdown has affected many federal agencies, including the Internal Revenue Service. It is estimated that only about 10% of the IRS employees are currently working. This has caused some questions among taxpayers…
More ➤As promised, I am updating my earlier blog outlining many tax law questions left unanswered as a result of the recent Supreme Court decision invalidating a key provision of the 1996 Defense of Marriage…
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