KIM & ASSOCIATES PA·WEDNESDAY, FEBRUARY 24, 2016 In General The Internal Revenue Code [ §217] allows individuals to deduct reasonable moving expenses paid or incurred… Read More

The tax laws permit you to deduct a debt that becomes worthless. Nonbusiness debts are treated as short-term capital losses, and restrictions apply to their… Read More

We are often asked whether legal fees for divorce representation are deductible on a tax return. The answer is: it depends. Most of the legal… Read More