Because of the economic downturn triggered by the COVID-19 crisis, many people have found themselves in need of cash to pay unexpected medical bills, mortgage payments and other expenses. One option is to borrow against the cash value of a permanent life insurance policy. This...

Business owners may think that, if they repair a piece of tangible property, they’ll qualify for an immediate tax deduction. But the IRS may define that “repair” as an “improvement,” and require the costs to be depreciated over a much longer period. This article explores...

The notion of bartering may conjure an image of a crowded, bustling medieval bazaar. But these types of transactions continue to occur in today’s high-tech modern world. This brief article discusses whether and when bartering is taxable....