FAQ: How Do I Gather the Right Paperwork for a Charitable Deduction?

  • March 3, 2014

written by Kami Mason Taxpayers must generally provide documentation to support a claim for any contributions made to charity that they...

IRS 2013 Audit Rates Vary Significantly Among Taxpayers

  • February 24, 2014

written by Joe Farias The IRS revealed the newest data and it shows a decline in audits amid all income groups...

Are you planning to construct a new building or start a major building remodel?

  • January 20, 2014

Are you planning to construct a new building or start a major building remodel?  If so, there are several items that...

How to Calculate the Kiddie Tax

  • January 6, 2014

A child with earned income above a certain dollar amount is generally required to file their own individual tax return. However,...

How will expiring tax provisions affect businesses at the end of 2013?

  • December 16, 2013

The tax code contains many provisions that are considered temporary and will expire after a set period of time. The end...

Reduce Your Tax Liability with Estate and Gift Tax Planning

  • December 9, 2013

Take advantage of the following estate planning techniques to reduce your estate and in some instances your income tax burden. Use...

New Repair and Maintenance Regulations: Part II Safe Harbor De Minimis Rule

  • December 2, 2013

ALERT: ACTION NEEDED BY DECEMBER 31, 2013 Your business may need to adopt a written accounting policy by December 31, 2013...

New Repair and Maintenance Regulations: Part I Materials & Supplies

  • December 2, 2013

Businesses have forever struggled with the issue of when to deduct amounts paid for the acquisition, production, or improvements of tangible...

Claiming Enhanced Code Sec. 179 Expensing for 2013

  • November 25, 2013

Code Sec. 179 is a provision aimed at assisting small businesses that allows taxpayers to expense the cost of qualified property...