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Beware of Tax Notice Scam

Beware of Tax Notice Scam

According to the Internal Revenue Service (IRS) taxpayers and tax professionals have been receiving fraudulent CP2000 tax notices informing the taxpayer that they are being billed for unpaid taxes related to the Affordable Care Act. Per the IRS, taxpayers have been...

50 Commonly Overlooked Deductions

Accounting fees for tax preparation services and IRS audits Alcoholism and drug abuse treatment Amortization of premium on taxable bonds Appraisal fees for charitable donations or casualty losses Appreciation on property donated to a charity Casualty or theft losses...

New 2017 filing deadlines for W-2 and 1099 forms

The Protecting American from Tax Hikes (PATH) Act of 2015 which was signed into law by President Obama in December of 2015 included a multitude of changes including new filing deadlines for the government copies of forms W-2 and 1099’s. The new deadline is now January...

7 last-minute tax-saving tips

The year is quickly drawing to a close, but there’s still time to take steps to reduce your 2015 tax liability — you just must act by December 31: Pay your 2015 property tax bill that’s due in early 2016. Make your January 1 mortgage payment. Incur deductible medical...

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