Donating to Charity
If you support certain causes throughout the year, your gift might be tax deductible and reduce any tax you owe. If you want to claim a tax deduction...
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Papers, Papers & More Papers, Oh My!
Suggested Record Retention Guide for Businesses Isn’t it such a great feeling heading into the new year being prepared? All the clutter is cleaned...
Should You Claim the Home Office Deduction?
Should You Claim the Home Office Deduction? It can reduce your income tax obligation, but be sure you understand the IRS’s rules. One of the many...
Are Your Child Care Expenses Deductible?
According to the U.S. Department of Agriculture, to raise a child born in 2013 to the age of 18, it will cost an average couple $245,340. Luckily,...
The 10 Tips to Know if You Get a Letter from the IRS
The IRS mails millions of notices and letters to taxpayers each year. There are a variety or reasons you may receive a notice. Please read the...
Fighting Identity Theft is an Ongoing Battle
Since 2011, the IRS has been involved with 19 million suspicious tax returns due to identity theft. Fighting identity theft is an ongoing battle as...
Last Minute Tax Planning Change
Last Friday, December, 19, 2014, the President signed into law the “Tax Increase Prevention Act of 2014.” This Act contains last minute, retroactive...
New Repair Regulations Revisited
Now that the year is coming to an end, we would like to revisit the new repair regulations. The IRS has decided that we need to determine whether to...
IRS Reiterates Warning of Pervasive Telephone Scam
IR-2014-53 WASHINGTON — As the 2014 filing season nears an end, the Internal Revenue Service today issued another strong warning for consumers to...
How do you Protect Yourself from Tax-Related Identity Theft?
A recently-released survey by taxAudit.com of 2,000 Americans on the subject of tax scams noted that nearly 80 percent of Americans feel vulnerable...
Can I Deduct Home Improvements on my Tax Return?
For tax purposes, a home improvement includes any major improvements done that substantially adds to the value of your home, increases its useful...
New Repair Regulations
The IRS finally released long-anticipated regulations on when we can deduct repairs and improvements. The new rules went into effect on January 1,...