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Can I claim a tax deduction for a newspaper subscription? It depends, actually. Listen to this short podcast to know the answer. […]
What do you do when you receive a love letter from the Internal Revenue Service? Listen to this podcast to know what. […]
Keep in mind that if your child is at a certain age, and they’re going to day camp, that is daycare as far as the IRS is concerned. […]
Can grandparents get a tax deduction for contributing to a 529 plan? The answer is yes! […]
Charitable contributions. Many people keep saying they’re not deductible, they’re not deductible. Well, that’s not true. […]
Can tax deductions be carried over? Well, in most cases the answer is going to be no. […]
Should you start gifting out money from your state maybe help lower the taxes? And the answer could be yes but there’s a lot more to it. […]
Are you receiving love letters from the Internal Revenue Service? Are they basically telling you that they’re going to lien, levy, seize your property? […]
Today, October 15 2019 is tax day. If you haven’t filed your personal tax return at this point, it’s going to be late if you don’t hit it by midnight. […]
Last year there was a lot of confusion about small business owners, deducting meals and entertainment. And the question basically comes, can they or can they not? […]
Is it true that alimony is no longer a deduction? Answer is yes, it is true! Under the new tax laws if you divorce… now this is very important. […]
Some of our popular deductions and credits did change last year. Remember dependent exemptions? Gone. That was the $4,050 for each person that was a qualified child in your household. […]
Should I take a standard deduction or itemize? You know, I always find it so fascinating that people really, really, really want to itemize. […]
I’m Dr. Friday, an Enrolled Agent license with the Internal Revenue Service to do taxes and representation which basically means guys, I’m kind of like a shield between you and the IRS. […]
Nearly 2 million ITIN numbers will be expiring by the end of 2019. For all of you that aren’t sure, that’s an individual tax ID number. […]
Many of us have now survived the 2018 tax filing. And we’re wondering what happened? Why did my tax bill not really go down? […]
Starting January 2019, which was a few months ago at this point, they changed the rate for your mileage. So for all you they’re trying to figure out, it’s .58 cents a mile for our tax year of 2019. […]
You know, many times we listen to things that people say, and one of the things going around town right now is that forming a business trust to hold your income and assets will avoid taxes… […]