Partners sometimes pay business expenses out of pocket. But whether they can deduct those costs generally depends on the partnership agreement or an established reimbursement policy or practice. We explain the importance of clearly written policies and the rules for unreimbursed partnership expenses, including business mileage and home office costs.

More than a million people reported stolen identities to the Federal Trade Commission in 2025, up nearly 20% from 2024. What can you do to protect your personal data? The first step is understanding how identity theft happens. We discuss common schemes, targets and warning signs, as well as tips to minimize your exposure and respond if your data is misused.

It's risky business. Hiring an in-law to work in your family business could give rise to conflicts, resentment and even legal action. Then again, it might be a great move for the individual and your company. This article discusses "the in-law challenge," including the importance of creating a buy-sell agreement. A sidebar offers 12 key questions to ask before bringing a relative-by-marriage on board.

If your business sponsors a retirement plan, you must invest prudently and stay in compliance with numerous complex federal requirements. If you don't follow the rules, the IRS could disqualify your plan. Here are some steps to help keep your business from falling into a costly noncompliance trap.

Can you deduct the cost of a facelift? How about "Lasik" eye surgery or the cleaning solution for contact lenses? Some of the procedures that pass muster with the IRS may surprise you. Take a look at a chart with eligible and not-eligible medical expenses. There are some unusual qualified expenses that might allow you to get a tax break.