Home Sweet Home Can Bring Sweet Office in Home Tax Deduction

As home values steadily increase annually, more Millenials are realizing the American dream of home ownership. This also means millenial taxpayers can benefit from the Office in Home tax deduction. If you’re among the new property owners, I’ve got good news and bad news. The bad news? You now bear the burden of painting, plumbing […]

Don’t Forget to Set Your Alarm!

Daylight savings time ends this Sunday, so don’t forget to set your alarm clock back an hour. Enjoy your extra hour’s sleep ! While you’re setting your alarm, don’t forget to do one other thing. With 2015 rushing toward a close, now’s the time to schedule a quick connect with your tax professional. Here’s Why… It doesn’t […]

The 7 BIGGEST Tax Mistakes SMALL Business Owners Make

I see it every April 15th. Every year, without fail, I come across countless small business owners who end up paying thousands of dollars in taxes that they could have avoided if it wasn’t for these seven biggest tax mistakes small business owners make: Failing to plan. This is the biggest mistake of all. I don’t care […]

Someone Stole My Tax Refund — Now What (Do I Do) ?

As we move deeper into February, and more and more are filing their tax returns, a number of unlucky filers are finding out that someone has already filed in their name — and walked away with their refunds! It’s become more and more of problem each year; this year it appears that most of those questionable […]

How to Claim College Tuition on Your 2014 Income Tax Return

Clients often ask about about how to claim college tuition on their tax returns. The subject is confusing. There’s the American Opportunity Tax Credit and the Lifetime Learning Credit, and finally the Tuition Deduction. How do you know which one is applies to your family’s situation? The forms you receive from the college or university […]

What to do if you receive an IRS letter or notice

Did you hear the old joke about the taxpayer who called his accountant all stressed out because he just got a letter from the IRS? “I got an IRS letter!  What the heck do they want now?” the taxpayer screams. “I’m not sure” his accountant replies.  “Tell me exactly what the letter says.” “I don’t […]