Tax Benefit of Separating Repairs from Improvements
There's a world of tax difference between repairs to real estate property and capital improvements. And it's not just semantics. The characterization could result in an increase or decrease of thousands of dollars on your tax return. Basic premise: Repairs are currently deductible in full and can.....
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Tax Court Sets Boundaries on Commuting Deductions
Although you usually can't deduct typical "commuting" expenses from home, you may qualify for a special exception if you're away working on temporary assignments. But the IRS and the Tax Court won't allow borderline deductions, as evidenced by one case involving a construction worker. We'll expla.....
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How College Financial Aid Benefits are Taxed
There's no doubt about it... college is expensive. At top-rated private universities, the annual cost can be $55,000 and up. Some public schools charge out-of-state students $40,000 and up. With any luck, however, your child or grandchild will qualify for financial aid. These days, a surprisingly hi.....
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Internal Controls for Tax Collectors and Town Clerks
The NH Tax Collectors’ Association (NHTCA) and NH City & Town Clerks’ Association (NHCTCA) Joint Certification Program is dedicated to the education and ongoing professional development of Tax Collectors and Clerks in New Hampshire.  The Associations sponsor a Joint Certification Program to.....
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Reconciling Tax Receivables for City & Towns
The Massachusetts Collectors and Treasurers Association (MCTA) is dedicated to the education and ongoing professional development of the treasurers and collectors of the state's 351 municipalities and numerous districts.  The Association sponsors an Annual School to assist members in obtaining cer.....
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