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Lesson From The Tax Court: Distinguishing Investment From Business Activity (TaxProf Blog) - Investment expenses are still, however, disfavored by the deduction hierarchy created by §62. If a taxpayer can hook expenses to a trade or business (or a §212(2) rental real estate), then §62 permits the deductions above the line. ADVERTISEMENT  Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES How to Calculate Percentage Change with Pivot Tables in Excel (How-to-Geek) - Pivot Tables are an amazing built-in reporting tool in Excel. While typically used to summarize data with totals, you can also use them to calculate the percentage of change between values. Even better: It is simple to do. Encourage Employees to Take Time Off (JofA) - An open paid-time-off policy benefits employees who use it. Firm leaders must encourage and celebrate staff who take vacations, says Wesley Middleton, CPA, managing partner (Houston) for Baker Tilly. Taxpayers Can Still Claim Residential Energy Credits (CPA Practice Advisor) - Despite calls for its renewal, Congress hasnât addressed the issue of the popular residential energy credit, which officially expired after 2017. GE Urged to Drop Auditor KPMG Following Accounting Missteps (Bloomberg) - An adviser to union pension funds is calling on General Electric Co. to drop KPMG as its auditor after a series of accounting missteps.. Taxation Accounting/Audit |  TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Stuff? Accountants Say   |