One of the more common tax preparation questions is “How much can I write off for my automobile used for business purposes so that I may maximize my tax planning?” The IRS announced (IRS Notice … [Read more...] about IRS ANNOUNCES THAT 2014 STANDARD MILEAGE RATES HAVE DECREASED FROM 2013 RATES
HOW TO ACCELERATE RECEIPT OF PA PERSONAL INCOME TAX REFUNDS
During the past few years, many a taxpayer has complained about how long the wait was to receive a refund from Pennsylvania when filing Form PA-40. The taxpayers who are due refunds are usually those … [Read more...] about HOW TO ACCELERATE RECEIPT OF PA PERSONAL INCOME TAX REFUNDS
TAX HOLIDAY
As the 2013 Thanksgiving, Hanukkah, and Diwali holidays have passed and the Christmas, Kwanzaa and New Year holidays are upon us, let’s hope that Washington D.C. and our state legislators will … [Read more...] about TAX HOLIDAY
MEDICARE SURCHARGE PREMIUM – RETIREMENT PLANNING NEEDS TO BEGIN BEFORE RETIREMENT
Working with an experienced tax professional for tax preparation and tax planning can often result in reducing one’s tax bills or avoiding unnecessary surcharges. How often does an individual decide … [Read more...] about MEDICARE SURCHARGE PREMIUM – RETIREMENT PLANNING NEEDS TO BEGIN BEFORE RETIREMENT
ENERGIZE YOUR TAX RETURN – WITH RESIDENTIAL & NON-BUSINESS ENERGY TAX CREDITS
ENERGIZE YOUR TAX RETURN – WITH RESIDENTIAL & NON-BUSINESS ENERGY TAX CREDITS While politicians say that they are energy conscious, the tax credits associated with home improvements comes and … [Read more...] about ENERGIZE YOUR TAX RETURN – WITH RESIDENTIAL & NON-BUSINESS ENERGY TAX CREDITS
HOBBY VS. BUSINESS – PROFIT MOTIVE NEEDED
Starting a new business has many challenges. One of the more significant challenges is generating sufficient cash flows to sustain the business. Working with an experienced tax professional for tax … [Read more...] about HOBBY VS. BUSINESS – PROFIT MOTIVE NEEDED
