News and Updates

The Ins and Outs of Deducting Legal Expenses

The Ins and Outs of Deducting Legal Expenses
Legal expenses incurred by individuals are...

Spring Cleaning: When Can You Purge Your Old Financial Records?

Spring Cleaning: When Can You Purge Your Old Financial Records?
Feeling the urge to purge?...

Update on Home Mortgage Interest Deductions

If you own a home with a mortgage, you should receive an IRS form from your lender each year...

Relying on Audit Techniques Guides

Relying on Audit Techniques Guides
IRS examiners usually do their homework before meeting with...

Maximize Write-Offs for Business Interest Expense

Maximize Write-Offs for Business Interest Expense
When you take out personal loans to buy a...

Will You Have to Pay Tax on Social Security Benefits?

Will You Have to Pay Tax on Social Security Benefits?
Some people are under the misconception...

There’s Still Time to Set Up a SEP for 2016

There’s Still Time to Set Up a SEP for 2016
Simplified Employee Pensions (SEPs) are...

Remember RMDs this Tax Season

Did you know that, once you turn age 70½, you must start taking mandatory annual withdrawals from...

How S Corporations Can Save on Federal Employment Taxes

If you own an unincorporated small business, you may be getting fed up with high self-employment...

Handling Interest Expense on Loans to Inject Capital

There are instances when you can write off interest on personal loans used for business purposes,...