APRIL 15 IS COMING QUICK AND IF YOU’RE THINKING ABOUT DEDUCTING MEDICAL AND DENTAL EXPENSES, you better get to work, gathering the documentation you’ll need to calculate how much you’ll be entitled to … [Read more...] about SEVEN THINGS YOU NEED TO KNOW ABOUT MEDICAL AND DENTAL EXPENSE DEDUCTIONS
IRS Tax Planning Ideas, Tips & News
KNOCK OFF AS MUCH AS $2,000 FROM YOUR 2012 TAX BILL
THE FEDERAL GOVERNMENT WANTS YOU TO SAVE FOR YOUR RETIREMENT SO BADLY that it will give you as much as $2,000 in a nonrefundable credit (reduces your tax liability but doesn’t give you a refund) … [Read more...] about KNOCK OFF AS MUCH AS $2,000 FROM YOUR 2012 TAX BILL
2012 RESIDENTIAL ENERGY CREDIT
The rules regarding residential energy credits are continuously changing. Homeowners who make improvements in one year may not be eligible for the tax credit, whereas they may have been entitled to … [Read more...] about 2012 RESIDENTIAL ENERGY CREDIT
IRS ANNOUNCES HOME OFFICE SAFE HARBOR
The IRS announced (Rev. Proc. 2013-13) a safe harbor method that individual taxpayers have the option of using to determine the amount of deductible expenses attributable to certain business use of a … [Read more...] about IRS ANNOUNCES HOME OFFICE SAFE HARBOR
IRS ANNOUNCES 2012 TAX RETURN DELAYS – AND HOW TAXPAYERS ARE AFFECTED
The IRS announced that it will not be able to start to process any tax filings until January 30, 2013. The IRS stated that there are about 30 forms that it will not be able to process until late … [Read more...] about IRS ANNOUNCES 2012 TAX RETURN DELAYS – AND HOW TAXPAYERS ARE AFFECTED
American Taxpayer Relief Act of 2012 Tax Changes
On January 1, 2013, Congress passed the American Taxpayer Relief Act of 2012, averting the "Fiscal Cliff." Although the Act has far too many provisions for us to include in a blog posting, we wanted … [Read more...] about American Taxpayer Relief Act of 2012 Tax Changes
