![Documentation is the key to business expense deductions](https://swcllp.com/wp-content/uploads/2016/09/09_12_16_533903168_SBTB_560x292.jpg)
![Documentation is the key to business expense deductions](https://swcllp.com/wp-content/uploads/2016/09/09_12_16_533903168_SBTB_560x292.jpg)
![Tax impact of investor vs. trader status](https://swcllp.com/wp-content/uploads/2016/09/09_06_16_469341760_ITB_560x292.jpg)
Tax impact of investor vs. trader status
Whether you are considered an investor or a trader can have a significant impact on your tax bill. Do you know the difference? Investors Most people who trade stocks are classified as investors for tax purposes. This means any net gains are treated as capital gains...![Are frequent flyer miles ever taxable?](https://swcllp.com/wp-content/uploads/2016/08/08_30_16-484741843_ITB_560x292.jpg)
Are frequent flyer miles ever taxable?
If you recently redeemed frequent flyer miles to treat the family to a fun summer vacation or to take your spouse on a romantic getaway, you might assume that there are no tax implications involved. And you’re probably right—but there is a chance your miles could be...![Now’s the time to start thinking about bunching miscellaneous itemized deductions](https://swcllp.com/wp-content/uploads/2016/08/08_23_16-101359492_ITB_560x292.jpg)
Now’s the time to start thinking about bunching miscellaneous itemized deductions
Many expenses that may qualify as miscellaneous itemized deductions are deductible only to the extent they exceed, in aggregate, 2% of your adjusted gross income (AGI). Bunching these expenses into a single year may allow you to exceed this “floor.” So now is a good...![Combining business and vacation travel: What can you deduct?](https://swcllp.com/wp-content/uploads/2016/08/08_15_16-180520428_SBTB_560x292.jpg)