Are Closing Gifts Tax Deductible?

One of the questions our clients ask most often is whether closing gifts are tax deductible. The answer is, unfortunately, no. Closing gifts are considered to be personal expenses and are not tax deductible. However, there are a few ways to make your closing gift tax deductible. As a general rule, closing gifts are not … Read more

How Gifts Can Reveal Cheating

birthday gift

Giving gifts is a thoughtful way to show your significant other how much you care. But, if you’re cheating, gift-giving can also be a way to cover your tracks. Here’s how gifts can reveal cheating:  1. The gift is too expensive or over the top. If your partner suddenly starts showering you with expensive gifts, … Read more