1 min read
Last Minute Tax Planning Change
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Last Friday, December, 19, 2014, the President signed into law the “Tax Increase Prevention Act of 2014.” This Act contains last minute, retroactive...
small business tax (5)
1 min read
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...
2 min read
IRS Reiterates Warning of Pervasive Telephone Scam
IR-2014-53 WASHINGTON — As the 2014 filing season nears an end, the Internal Revenue Service today issued another strong warning for consumers to...
1 min read
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...
1 min read
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...
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,...