For landlords, correctly identifying allowable and disallowable expenses is essential for accurate tax reporting and ...

Although it's not yet April, it's not too early to start thinking about filing your tax return. There are some tax deductions ...

If you are married and filing separately, your allowable mortgage interest deduction is limited to interest paid on the first $500,000, even if you purchased the home prior to Dec. 16, 2017.

As an accountant, one of your primary roles is ensuring your landlord clients are maximising their tax relief by claiming all the allowable ...

Modified adjusted gross income (MAGI) is individual's adjusted gross income (AGI) after taking into account certain allowable deductions and tax penalties. MAGI is an important number to ...

The passing of a loved one is always a difficult burden to bear — physically, emotionally, mentally and monetarily. Most, if not all, of the time, death and passing come as a surprise, with ...

Telangana High Court held that interest paid for broken period on securities held as stock-in-trade is allowable as deduction ...

Travel expenses for dependents of prospective employees who are finalists for positions are allowable from University funds, including general, gift and auxiliary funds. A finalist is defined as ...