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 »
A recent report shows IRS individual audit rates at the lowest level since 2004. In addition to cuts in IRS funding and staffing, the 8 million phone calls the IRS dropped, and the cyber theft
IRS Audit Rates Drop, Again Read More »
With the 2014 Tax filing season behind us, whitehouse.gov‘s interactive tool shows you exactly where your tax dollars were spent. It’s no surprise that over 50% of your taxes went to health care and national
Where did your tax dollars go in 2014? 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 »
On the last day of July, Obama signed into law, H.R. 3236, the “Surface Transportation and Veterans Health Care Choice Improvement Act of 2015”. One of the provisions of this law included a change to
Update: New Tax Deadlines Read More »
On Monday, July 20, Orrin Hatch, Chairman of the Senate Finance Committee, called for an inspection of the Advanced Premium Tax Credit (APTC) program for 2014. The APTC is designed to forward tax credits as
Obamacare: Healthcare Solution or Taxpayer Burden? 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 »
Rand Paul wrote a piece in the Wall Street Journal the other day titled “Blow Up the Tax Code and Start Over”. Can his proposal for a flat 14.5% tax to personal and corporate income
“Blow Up the Tax Code and Start Over” 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 »
