Sexual Harassment and businesses

In today's climate with numerous sexual harassment claims filed, it should be noted that all companies must, I repeat must take all sexual harassment issues seriously!  In fact, the IRS is taking sexual harassment so seriously that any business that settles a sexual discrimination or harassment claim cannot deduct the payment or attorney fees that are subject to a non-disclosure agreement on their tax return.

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Don't Forget to Vote Tomorrow! 6/12/18

Sale of Home Requirements

If you own your home but are unable to take care of yourself, here is something to think about. A taxpayer who has owned and used their home as their principle residence for at least 2 out of the 5 years leading up to the sale can exclude $250,000 or $500,000 if married on the gain when the home is sold, however the IRS has lowered the length of use requirement to 1 out of 5 years preceeding the sale for those who are in nursing homes.