Acres of Diamonds
In life it often happens that the answers to our most pressing questions are right in our own backyards.
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If your clients are buying or selling a home, use this to help them determine if they qualify for capital gains taxes.
If you want to avoid potential surprises at tax time, it may make sense to know where you stand when it comes to the AMT.
Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.