If you are an employee and incur work-related expenses on behalf of your employer, and such expenses are not reimbursed by your employer, you may be able to deduct those unreimbursed employee expenses … [Read more...] about Unreimbursed Employee Expenses
Identity Theft
The IRS has identified identify (ID) theft as one of the biggest challenges facing it today. If you go to www.irs.gov and type in “identify theft” in the IRS search engine, there is much useful … [Read more...] about Identity Theft
Rental Real Estate Tax Planning
Rental real estate offers tremendous tax advantages and opportunity for tax planning. Taxpayers can deduct interest on borrowed capital, exchange rather than sell properties to defer tax on gains, use … [Read more...] about Rental Real Estate Tax Planning
LOCAL EARNED INCOME TAX – CENTAX CLOSING ITS OFFICES
Employers who have been remitting its employees' local earned income tax (EIT) withholdings and individual taxpayers who make their estimated quarterly income tax payments or file their annual local … [Read more...] about LOCAL EARNED INCOME TAX – CENTAX CLOSING ITS OFFICES
MEDICARE’S NEW 3.8% INVESTMENT TAX
Effective January 1, 2013, a new 3.8% Medicare tax is being imposed on certain transactions. This new tax is the courtesy of Sec. 1411 of the Patient Protection and Affordable Care Act, P.L. 111-148 … [Read more...] about MEDICARE’S NEW 3.8% INVESTMENT TAX
IS IT POSSIBLE THAT YOUR LIFE INSURANCE POLICY WILL EXPIRE BEFORE YOU DO?
There are numerous types of insurance policies in the marketplace. Most consumers are familiar with term insurance policies which do not build any cash-value within the policy. The insured buys a … [Read more...] about IS IT POSSIBLE THAT YOUR LIFE INSURANCE POLICY WILL EXPIRE BEFORE YOU DO?
