While digging though past court cases and IRS memos, we found these three surprising instances where medical deductions were allowed for not-so medical expenses: Mis-lead – A taxpayer, who’s child who was treated for lead […]
Three Qualified Medical Expenses that are sure to surprise you! Read More »
There has been an increase in IRS phone and email scams in recent months. Please be on the lookout and remember: An IRS agent will never call about money owed without first mailing you a
Summertime brings Scammers Read More »
When starting a business, understanding your tax obligation is one key to business success. With the internet and the wealth of information found on the web, it’s easy to be misinformed. Hopefully this post will clear
Three Tips for Starting a Business Read More »
Equity Based Compensation – Influencing the Choice of Entity One of the most important decisions you make when starting a business is entity selection. Many factors affect the choice of entity, from legal, to tax,
What every founder should know about Equity Compensation Read More »
FinCEN Form 114, formerly referred to as “FBAR”, Report of Foreign Bank and Financial Accounts, is used to report a financial interest in or signature authority over a foreign financial account. The “FBAR” is due
Accelerated Due Date for FinCEN Form 114 Read More »
This past September, the IRS proposed a regulation that would require charitable organizations to collect personal information from its donors and file information returns with the IRS with this personal information for donations over $250.
Controversial Charitable Contribution Regulation Withdrawn Read More »
Falling behind on payroll taxes? Expect a call from the IRS soon. In a recent news release, the IRS announced its plans to launch a new initiative aimed at monitoring payroll deposit patterns. Employers that
IRS to Begin Contacting Employers with Late Payroll Tax Payments Read More »
With the 2015 tax filing season quickly approaching, I thought I would share this article the IRS published earlier this month about how to “Make a Wise Choice when Selecting a Tax Preparer”. I summarized
How to Choose a Tax Preparer Read More »
The IRS recently revised legislation that previously kept the statute of limitations open for 6 years for any understatement of income greater than 25% of gross income. The new law now provides that an in
Store or Shred? What you need to know about document retention Read More »
As the year winds down, there is nothing more important than discussing year-end tax strategy. Building communication between yourself, your CPA, and your investment advisor will guarantee you are a winner come April 15. Far
Five Tax Strategies Now for Refunds in April Read More »
We live in a global society. As a CPA I am constantly traveling to meet clients or attend tax conferences. If your trip is set up properly, you can reap the tax benefits of travel
How-To Travel for Pleasure Tax-Free Read More »
