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 »
On its website, the IRS announced relief for taxpayers in Harris, Hayes, and Van Zandt who were affected by the severe storms, tornadoes, straight-line winds, and flooding that took place in Texas beginning on May 4,
Tax Relief for Disaster Victims in Texas Read More »
Being that many of my clients are from Austin, Texas, I thought I would share this publication released by the IRS yesterday. Here is a brief overview of some of the more important tips: Net
IRS releases publication with “Ten Tax Tips for Farmers” 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 »
