The tax rules of renting out a vacation property
Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the…
Read More At Burkett Burkett & Burkett Certified Public Accountants, P.A., we provide a full range of services to individuals, small and large businesses, professional firms, and governmental and non-profit entities.
Articles
Reminder: April 1 Is Last Day to Start Taking Money Out of IRAs and 401(K)S
Last week, the Internal Revenue Service reminded retirees who turned 72 during the last half of 2021 that, in most…
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Donny Burkett Reviews Major Deductions You Might Forget, on WLTX News19
The tax deadline for individuals is less than a month away (April 18th in case you didn’t know), so Donny…
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When inheriting money, be aware of “income in respect of a decedent” issues
Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those…
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Are You Eligible for a Medical Expense Tax Deduction?
You may pay out a bundle in out-of-pocket medical costs each year. But can you deduct them on your tax…
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Commission Fraud: When Salespeople Get Paid More Than They’ve Earned
Many employees — from retail workers to sales staffers involved in complex business-to-business transactions — receive part of their compensation…
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