Category Archives: Taxes

Senate leaders failed to agree Sunday on a compromise to avert the “fiscal cliff” of tax increases and spending cuts scheduled to take effect Tuesday. Talks took a new direction late in the day, with Senate Minority Leader Mitch McConnell, … Continue reading →

As a taxpayer, you are facing what is perhaps an unprecedented set of circumstances – the expiration of the tax rates enacted in 2001, the expiration of more than 150 tax provisions and a tax increase of more than $500 … Continue reading →

  Practice & Procedures Recently, the Tax Court denied a taxpayer a deduction for a claimed theft loss because, even if he could prove that the loss had occurred, he had not filed a tax return for the year of … Continue reading →

You can’t pick up a newspaper or go online this fall without seeing stories about the coming “tax cliff” or “taxmageddon”—the time at the end of this year when the current tax rates for income, capital gains, gifts, and estates … Continue reading →

Various scenarios can trigger an Audit by the IRS.The common belief is that this occurs randomly.However, this is not the case.Full report

With unemployment still near the highest rate in decades, it is not surprising to find many people working out of their homes. Now may be a good time to review the criteria for claiming a deduction for the business use … Continue reading →

Even though an organization is recognized as tax exempt, it still may be liable for tax on its unrelated business income. For most organizations, unrelated business income is income from a trade or business, regularly carried on, that is not … Continue reading →

Obtaining and maintaining 501(c)(3) tax-exempt status is crucial to the success of charitable organizations. This online training provides you with the tools and knowledge necessary to keep your organization’s exempt status intact. To learn more about maintaining your tax-exempt status … Continue reading →

Small Business Tax Saving Strategies for the 2012 Filing Season* INTRODUCTION 1: Welcome 2: Advice for Small Businesses from CPAs It is my pleasure to present to you a few of the important tax issues that may have an impact … Continue reading →

INTRODUCTION 1: Advice from CPAs Whether you’re training for a marathon, landing the job of your dreams or closing a sale, you’re not going to succeed without being well prepared and fully informed. Well, the same holds true when managing … Continue reading →