How Do I… Qualify for the Residential Energy Property Tax Credit in 2011?

  • August 1, 2011

In recent years, Congress has used the Tax Code to encourage individuals to make energy-efficient improvements to their homes. The credit...

IRS to Discontinue High-Low Method for Substantiating Travel Expenses

  • August 1, 2011

The IRS has announced that it will discontinue the high-low method used by taxpayers in a trade or business to substantiate...

Federal Debt Limit Talks Move Major Tax Proposals up for Consideration

  • August 1, 2011

The federal debt limit negotiations that preoccupied Washington for most of July did not result in immediate tax legislation. However, the...

Health Care Reform Update for Colleges & Universities

  • July 1, 2011

We are committed to keeping you informed about the Health Care Reform and any changes that may arise. The most recent...

Latest IRS Statistics Reveal Typical Profiles of High Income Individuals

  • July 1, 2011

The trend in recent increases in numbers of federal individual income tax returns reporting incomes of $200,000 or more has reportedly...

Check Status of a Charity Before Making a Contribution

  • July 1, 2011

Americans donate hundreds of millions of dollars every year to charity. It is important that every donation be used as the...

Stay Within Tax Rules When Combining Business and Personal Travel

  • July 1, 2011

Whether for a day, a week or longer, many of the costs associated with business trips may be tax-deductible. The tax...

IRS Increases Business Mileage Rate

  • June 27, 2011

By Shelly Toft, CPA, Manager Due to the increase in fuel costs, the IRS has increased the optional standard mileage rates...

IRS Undertakes Review of Equitable Innocent Spouse Rules

  • June 1, 2011

The IRS is reviewing the two-year limitations period on claims for equitable innocent spouse relief, Commissioner Douglas Shulman recently told members of Congress. The lawmakers had asked the IRS to withdraw the two-year limitations period, indicating it was contrary to Congress' intent.