Category Archives: News

Final Rule: Overtime Regulations

KIM & ASSOCIATES PA·TUESDAY, JUNE 7, 2016 On May 18, 2016, President Obama announced the Department of Labor’s final rule updating the overtime regulations. The… Read More

Deductibility of Moving Expenses

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

Deductibility of Personal Bad Debts

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

Deducting Start-Up Expenses

Expenses incurred in starting a business are treated as capital expenses and are a part of your basis in the business. As a result, you… Read More


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