IRS To Make Changes in Correspondence Exam Process The IRS has conducted a comprehensive review of its correspondence exam process and is planning to make several changes, all of which are … [Read more...] about INSTEAD OF SKYPING WITH YOUR FAMILY & FRIENDS, WHAT DO YOU THINK ABOUT SKYPING WITH THE IRS?
IRS Tax Planning Ideas, Tips & News
A LESSON LEARNED – WHAT YOU NEED TO KNOW WHEN CLAIMING NON-CASH CHARITABLE CONTRIBUTIONS
We can all learn from the mistakes of others. If you work closely with your tax professional and use him/her for tax planning services rather than merely tax preparation services, you would better … [Read more...] about A LESSON LEARNED – WHAT YOU NEED TO KNOW WHEN CLAIMING NON-CASH CHARITABLE CONTRIBUTIONS
EXPENSES PAID BY OTHERS THAT YOU CAN DEDUCT
Since taxpayers and tax preparers often discuss expenses that cannot be deducted, let’s discuss expenses paid by another person that a taxpayer can deduct. Perhaps this discussion may save you from … [Read more...] about EXPENSES PAID BY OTHERS THAT YOU CAN DEDUCT
FINDING THE TIME TO WORK ON YOUR TAXES
We will soon be publishing a book that focuses on helping the small business owner achieve financial success. In this book, we discuss the importance of devoting the necessary time to address the … [Read more...] about FINDING THE TIME TO WORK ON YOUR TAXES
WHY I USE A TAX PROFESSIONAL TO DO MY TAXES
It’s tax season again. The office phones ring and the caller’s first question is "How much do you charge to prepare a personal income tax return"? The caller is price-shopping, looking for the lowest … [Read more...] about WHY I USE A TAX PROFESSIONAL TO DO MY TAXES
WHO IS MORE TO BLAME? TURBOTAX, THE IRS, OR CONGRESS?
Because identity theft receives much publicity during the tax season (due to increased levels of actual theft), we posted on Feb. 3, Feb. 10 & Feb. 17 as to how to reduce your risk and steps to … [Read more...] about WHO IS MORE TO BLAME? TURBOTAX, THE IRS, OR CONGRESS?
