Fighting Identity Theft is an Ongoing Battle
Since 2011, the IRS has been involved with 19 million suspicious tax returns due to identity theft. Fighting identity theft is an ongoing battle as...
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Last Minute Tax Planning Change
Last Friday, December, 19, 2014, the President signed into law the “Tax Increase Prevention Act of 2014.” This Act contains last minute, retroactive...
New Repair Regulations Revisited
Now that the year is coming to an end, we would like to revisit the new repair regulations. The IRS has decided that we need to determine whether to...
Wealth Transfer
Even as Congress continues to tinker with year-end tax breaks and incentives, it is never too early to begin addressing legacy planning issues. Many...
How do you Protect Yourself from Tax-Related Identity Theft?
A recently-released survey by taxAudit.com of 2,000 Americans on the subject of tax scams noted that nearly 80 percent of Americans feel vulnerable...
Can I Deduct Home Improvements on my Tax Return?
For tax purposes, a home improvement includes any major improvements done that substantially adds to the value of your home, increases its useful...
Selling Your Business? Make Your Business Valuable, Marketable and Purchasable
Selling a business is one of the most important financial occurrences in a business owner’s lifetime. Selling a business should be a planned and...
Do you reimburse employees for health insurance?
Do you reimburse employees for individual health policies? If you do, you may be in violation of a recently issued IRS guidance notice.
IRS fine-tuning audit efforts
Although you may have read recent news stories claiming the IRS will be conducting fewer audits than in years past, it’s too soon to breathe a sigh...
New Repair Regulations
The IRS finally released long-anticipated regulations on when we can deduct repairs and improvements. The new rules went into effect on January 1,...