If you ever asked yourself why your tax professional provides you with a tax organizer and requires certain documentation from you to prepare your income tax returns, the case of G.F. Roy (TC Summary … [Read more...] about Learn Why a Consultant Was Denied Auto and Legal Deductions by IRS
Archives for January 2017
Contractor Denied Travel Expenses
An independent contractor’s legitmiate travel costs were found by the IRS to be nondeductible commuting costs and not work-related, resulting in his self-prepared returns being very expensive. The … [Read more...] about Contractor Denied Travel Expenses
How to Claim Charitable Deductions Without Itemizing Tax Deductions
Since 2006, individuals age 70 ½ or older have had the opportunity to direct up to $100,000 of required minimum distributions (RMDs) from their IRAs to the charities of their choice. Unfortunately, … [Read more...] about How to Claim Charitable Deductions Without Itemizing Tax Deductions
Social Security Insurance (SSI) Disability Payments Cause a Tax Nightmare
We came across this article in the September 2016 issue of NATP Taxpro and felt compelled to share it with our readers. A male federal postal worker suffered an injury that required several surgeries. … [Read more...] about Social Security Insurance (SSI) Disability Payments Cause a Tax Nightmare
Unemployment Compensation Rates – One Reason Why It Is So Important to Hire Good Employees
When hiring new employees, it is very important that the employer do his/her due diligence in finding dependable employees who have the necessary skills and who will contribute to the company for many … [Read more...] about Unemployment Compensation Rates – One Reason Why It Is So Important to Hire Good Employees
