Is That The IRS Ringing Your Doorbell? I recently attended a webinar and an IRS agent warned the audience of a growing popular scam. A supposedly IRS agent shows up at your residence (or place of … [Read more...] about Scam – Fake IRS Agent Visits Your Residence
Self-Prepared Tax Returns – What Makes the Most Sense to You?
Self-Prepared Tax Returns What Makes the Most Sense to You? We were curious how much the average American household spends on income taxes. Looking at data released in August by the Bureau of Labor … [Read more...] about Self-Prepared Tax Returns – What Makes the Most Sense to You?
PA Dept. of Revenue (DOR) Continues to Challenge Taxpayers Claiming Unreimbursed Employee Expenses
The PA DOR believes that an employer seldom requires an employee to incur expenses on behalf of the employer that it is not willing to reimburse the employee. Accordingly, the requirements to claim … [Read more...] about PA Dept. of Revenue (DOR) Continues to Challenge Taxpayers Claiming Unreimbursed Employee Expenses
Flexible Spending Account (FSA) vs. Health Savings Account (HSA)
FSAs and HSAs allow taxpayers to make tax-free contributions to pay for out-of-pocket (co-pays and deductibles) medical expenses. The monies contributed to these plans are shielded from personal … [Read more...] about Flexible Spending Account (FSA) vs. Health Savings Account (HSA)
How to Lose Social Security Benefits
If you are self-employed and procrastinate filing your personal income tax returns, you not only run the risk of losing a tax refund because your Form 1040 return was filed after the statute of … [Read more...] about How to Lose Social Security Benefits
Crypto Currency and Taxes
Remember the days when Swiss banks (as well as banks in other countries) refused to reveal their customers’ names? Some very wealthy Americans placed their assets in these foreign banks to hide them … [Read more...] about Crypto Currency and Taxes
