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The Three Most Misunderstood Tax Deductions (Even for Tax Professionals) (CPA Practice Advisor) - I thought it might be more useful to list the deductions that are most often misunderstood, by both taxpayers and tax professionals alike. Here are three of those deductions, along with an explanation of the confusing aspects of each one. ADVERTISEMENT Share our news via Twitter and Facebook, on your personalized news page. MORE HEADLINES An Astronomer at your Fingertips: The 6 Best Solar Eclipse Apps (Digital Trends) - On Monday, humans across a total of 14 states (ranging from Oregon to South Carolina) will be in the line of sight of a solar eclipse. And individuals along a nearly 70-mile-wide stretch of land â known as âpath of totalityâ â will be able to experience a total solar eclipse. 3 Tips to Increase Your Accounting Customer Base (Accounting Web) - As an accountant, just imagine what would happen if you miss even one entry in the account books of a client. The experience is the same if you lose a client, no matter what the reason is. How Far Does $1 Million Go In Retirement? (Financial Advisor) - A million dollarsâit has a nice ring to it. But as Dr. Evil learned after spending 30 years cryogenically preserved, it may not be enoughâfor many people, certainly not enough to comfortably retire on, depending on where and how long they live. IRS Penalizes More Taxpayers for Underpayment of Estimated Taxes (Accounting Today) - The number of taxpayers who were penalized increased nearly 40 percent from 7.2 million to 10 million filers between 2010 and 2015, according to IRS data analyzed by The Wall Street Journal. Taxation Accounting/Audit Business News | TOP 5 MOST READ TOOLS OF THE TRADE e-BREAKS  Accounting Humor: Counting Your Dependents   |