Best Tax Deductions for a Small Business
Updated for tax year 2025. Being a small business owner comes with some unique challenges — including figuring out how ...
Thursday, July 30, 2026
Tag: Deductions
Overlooked Tax Deductions and Tips for Seniors
As you get older, you may find you face more and more medical bills. No matter how great your insurance ...
2025 IRS Tax Brackets and Standard Deductions
With 2025 on the horizon, taxpayers are beginning to plan for how they will file their returns. The IRS updates ...
Truck Drivers: Over-the-Road Tax Deductions
Key Takeaways: Owner-operators can deduct a wide range of business expenses, including fuel, maintenance, insurance, depreciation, and per diem meals. ...
Captive Insurance Tax Deductions Denied, No Risk Distribution – Houston Tax Attorneys
Insurance premiums go up and then they go up some more. The amounts can be substantial. This is particularly true ...
Can You Create Deductions by Forgiving Debt to Your Own Entities? – Houston Tax Attorneys
Business owners with multiple entities often transfer funds between their companies. These transfers are often accounted for in an inter-company ...
Real Estsate Construction Delays Kill Tax Deductions – Houston Tax Attorneys
Real estate investors regularly pursue new ventures that require substantial upfront investments before generating any revenue. A successful investor might ...
Can Judge-Made Doctrine Override Tax Deductions Allowed by Congress? – Houston Tax Attorneys
The tax code provides specific rules for when taxpayers can claim deductions for losses. These are rules enacted by Congress. ...
Charitable Deductions for Defective Inventory – Houston Tax Attorneys
Manufacturers and retailers frequently face the challenge of handling defective or obsolete inventory that cannot be sold. This situation often ...
From Commingled to Contested: The IRS’s Audit of Tax Deductions – Houston Tax Attorneys
The common idea that business expenses are deductible while personal expenses are not is an oversimplification. In reality, the tax ...
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