July 16, 2013
Occasionally an article will pop up about the hard-edged stance the IRS takes with small businesses, and particularly sole proprietorships.
Always, the implicit...
July 8, 2013
Financial pressure in Congress has caused substantial changes in Federal taxation. Here is a list of those changes, sectioned off by who the changes will most likely affect.Everyone
Medical and dental expenses: You can...
June 25, 2013
Ever heard the saying “There is no such thing as a free lunch?”
Well, it can be true for the IRS, because if your employer provides that lunch free of charge, then the IRS could tax you on it.
June 19, 2013
If you are counting on your tax refund to help you pay the bills, that probably means you don’t have a lot of extra cash to employ an accountant. Fortunately, there are an...
June 17, 2013
As an employee or contractor, we all “perk up” when we hear “perk” because we presume we are about to receive something for free, or on top of what we would normally receive. But in the case of gym memberships, the perk may cost you.
May 9, 2013
When I get a letter from the IRS — and yes, it’s happened — I get a chill. Am I in trouble? Did I miss a deadline or overlook a tax? I hate to open the envelope.
But you've got to open it and face the question right away. If you throw the...
April 25, 2013
Are you happy and relieved that April 15 has come and gone? I am! I love tax day, but that wasn’t always true for me. Tax day is a mirror for your relationship with money. For most people, taxes are their biggest expense of the year.
April 10, 2013
NEW YORK (MainStreet) — Call it the best of times and the worst of times.
“It” is tax season, racing to a close as April 15 draws a bead on the millions of taxpayers who haven’t filed...
April 9, 2013
Tax day this year falls on a Monday, making it all the more enticing for procrastinators to attempt to cram in all their accounting on the weekend prior.
If this is your plan, you have a little bit of an excuse: The tax season started...