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.

1. Is Your Child's Financial Aid Taxable?
2. The Impact of Step-Up Basis in Estate Planning
3. New Rules for Money Sent Abroad
4. IRS Launches Tax Debt Help Tool
5. ABLE Accounts: What's Changed?

The question we answer in this article is:

If an organization implements a formal adoption assistance program, what are the tax implications of the financial-assistance reimbursements it makes?

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.