Tax Warrior Chronicles

Top 5 Blogs of the 2019 Tax Season

Posted on Mon, Oct 28, 2019

By: Eric R. Elmore


The 2019 tax filing season has finally concluded, and not a moment too soon.  Americans filed the first full year of income under the Tax Cuts and Jobs Act of 2017 (“TCJA”), the most sweeping revamp of the tax code in more than 30 years. Today’s post is a snapshot of the blogs that were most read by our subscribers over the course of the filing season. It’s a good indication of what was on the minds of our readers while filing their returns. Did any of these play out in your tax planning?

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ATTENTION Philly Property Owners – Beware the Use & Occupancy Tax

Posted on Thu, Nov 15, 2018

By: Irina Moyseyenko, CPA, MT


If you own a Philadelphia property, which is used for business purposes, you are subject to the Philadelphia Use & Occupancy Tax (“U&O Tax”).  This tax is charged to the owner of the property and is 1.21% of the assessed value of the property. Surprised? Read on for more information, including exemptions and the process for appeals.

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Tax Considerations of Converting Your Primary Residence into a Rental Property

Posted on Thu, Oct 18, 2018

By: Clare Porreca, CPA, MT


Converting a primary residence into a rental property is a common occurrence.  With the real estate market on a slight decline, more taxpayers may decide to rent rather than sell their homes to wait out the market.  If you’re in this situation, read on so you’re aware of the tax implications of converting your home into a rental property.

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Tax Implications of Renting Your Second Home

Posted on Mon, Mar 09, 2015

If you own a second property, especially in attractive tourist destinations like a beach or ski resort, you may consider renting out the property to defray the costs of ownership.  There are a few tax considerations to know of before you purchase an investment property or convert an old residence. Below is a summary of the treatment of income, expenses, depreciation, and basis considerations of your second residence.

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Mortgage Interest – Personal vs. Business Expense

Posted on Thu, Sep 11, 2014

Michael Hume and Dorsaye Dilani, TC Memo 2014-135

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