deductions on tax return

5 Possible Tax Aspects of a Parent Moving Into a Nursing Home

September 2nd, 2021|Categories: Accounting, Burns Firm, Dallas CPA, Dallas tax return preparer, Dallas tx accountant, Expenses, Healthcare & Retirement, how do I know if my parent qualifies as my dependent, if I support my parents financially can I claim them on tax return, Medicare Premiums, Services, Tax, Tax Credits, Tax Deductions, Tax Return, The Burns Firm|Tags: are medical expenses deducted, are nursing home expenses deductible, CPA Dallas, Dallas CPA, deductions on tax return, elderly and expenses, long-term medical care expenses, medical expense deductions, tax preparer near me, The Burns Firm, what expenses are deductible on my tax return|

If you have a parent entering a nursing home, you may not be thinking about taxes. But there are a number of possible tax implications. Here are five. 1. Long-term [...]

Can Investors Who Manage Their Own Portfolios Deduct Related Expenses?

October 20th, 2020|Categories: Accounting, Burns Firm, Services, Tax, Tax Credits, Tax Cuts, Tax Deductions, Tax Planning, Tax Preparation, Tax Return|Tags: are expenses deductible if I am self-employed, CPA Dallas, CPA in Dallas, cpa near me, Dallas CPA, deducting expenses on tax return, deductions on tax return, self-employed expenses, tax credits, tax deduction, Tax planning, tax preparation, tax return, The Burns Firm, who can deduct expenses on tax return|

In some cases, investors have significant related expenses, such as the cost of subscriptions to financial periodicals and clerical expenses. Are they tax deductible? Under the Tax Cut and Jobs [...]