A casualty loss tax deduction can benefit taxpayers whose homes or personal property were damaged in eligible federal- or state-declared disasters. And a recently enacted law has codified and extended temporary relief and granted tax-free treatment to certain wildfire relief payments. We provide a detailed update.

Be on the lookout for parts suppliers who may substitute inferior materials to prop up their profits — at the expense of your business. Uncovering product substitution is especially difficult if vendors and their suppliers conspire to conceal evidence of wrongdoing. There are signs, however, that can help your company combat product-substitution fraud, including the red flags provided in this article.

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.

The cost of a college education keeps going up. If your child or grandchild is fortunate enough to receive some financial aid, what are the tax implications? The money could be taxable or tax free. This article explains the various types of financial assistance often provided to students, along with the tax rules.