Boat owners have much to keep track of, including course, speed, wake and the weather. But there's something else, too: tax breaks. That's right, there are several to consider. We discuss five examples: the mortgage interest deduction, a SALT deduction, business write-offs, the home office deduction and a charitable deduction.

Transfer pricing rules regulate how related business entities price intercompany transactions involving goods, services or intellectual property. Violating them can significantly increase audit risk. We explain how transfer pricing can draw scrutiny, explore acceptable pricing methods, and recommend a thorough evaluation of policies and procedures.