Back in December, the IRS issued the optional standard mileage rate for business, medical, moving, and charitable deductible costs. Taxpayers have the option to use this rate as an alternative to the actual costs of […]
Standard Mileage Rate Increases for 2015 Read More »
Almost halfway through January, the Form 1099-MISC deadline is quickly approaching. Copies of this form are due to the recipient at the end of January (February 2, 2015 for 2014 Forms, since January 31, 2015
Tax Deadline Reminder: 2014 Forms 1099 Read More »
This is a question I get asked often from new clients. In short, 1099s are issued by businesses (sole-proprietors, LLCs, partnerships, corporations, etc.) who’ve made payments in excess of $600 to individuals or other businesses
Am I required to file Form 1099-MISC for 2014? Read More »
There were a number of important tax developments in the fourth quarter of 2017. The following is a summary of important tax developments that have occurred in the past three months that may affect you,
Recent Developments That May Affect Your Tax Situation Read More »
Back to School? Learn about Tax Credits for Education If you pay for college in 2016, you may receive some tax savings on your federal tax return, even if you’re studying outside of the U.S.
Recently, I had a client ask what expenses they should be keeping records of when making upgrades to their principal residence. While explaining https://www.irs.gov/pub/irs-pdf/p523.pdf How Selling Your Home Can Impact Your Taxes Usually, profits you
How-To Ensure Tax-Free Income on the Sale of Your Home Read More »
Ever wonder how you could add pleasure to your business travels and still deduct expenses incurred come tax time? I’ve put together a two-part blog on Typically, travel domestically and travel outside the U.S. are
How to make travel tax deductible Read More »
