IRS Tax Planning Ideas, Tips & News

The IRS recently released Notice 2011-72 to provide guidance on the tax treatment of cellular phones or other similar telecommunications equipment that employers provide to their employees. … [Read more...] about IRS TAX TREATMENT OF EMPLOYER-PROVIDED CELL PHONES

The Treasury Inspector General for Tax Administration (TIGTA) reported on July 7, 2011 that individuals who are not authorized to work in the USA were paid $4.2 Billion in refundable tax credits from … [Read more...] about Illegal Workers Received $4.2 Billion in Tax Credits

With the housing market selling at depressed prices, is this a good time to purchase a home and use it as a rental property? The answer to that question will … [Read more...] about Is It Time to Consider Purchasing a Rental Property?

Many an investor has soured on the continuing declines of the stock market. The Wall Street Journal reported on August 20 how investors can turn their stock losses into gains by using … [Read more...] about Roth Conversions & Recharacterizations – Tax Planning Tips

The IRS estimates that $54 billion of tax revenues are lost annually relating to noncompliance of employment taxes. What is being done to collect this money? The IRS has entered into agreements with … [Read more...] about Independent Contractor vs. Employee

Let’s assume you are an employee or business owner going on a business trip. Wouldn’t it be great if you could combine a mini-vacation with the business trip and write off … [Read more...] about Can You Write Off a Personal Vacation as a Business Trip?