Triple Tax: aka The Lottery
Most everyone enjoys dreaming of winning it big in the lottery. News media outlets publicize the large unclaimed pots of money on the evening
May 14, 2013
Post tax filing record retention
Toss This. Not That With a sigh you are relieved that yet another tax return has been sent off to the government. Another 12 months
May 7, 2013
Audit Target: The Sole Proprietor
Are you prepared? Each year the IRS publishes their activities in a publication called the Data Book. And each year for the past number of
April 22, 2013
Don’t Forget Your Estimated Payment
The tax filing deadline is upon us. The sense of relief that another 1040 form is filed is like lifting a weight from your shoulders.
April 13, 2013
Is Being Effective Better Than Being Marginal?
Understanding the difference between these two tax rates. The tax code is filled with terms we rarely use in everyday conversation. Two of the more
March 18, 2013
Often Overlooked Medical Expense Deductions
Avoid taking the easy way out. To take your medical expense deduction in 2012 your allowable expenses must exceed 7.5% of your Adjusted Gross Income
March 11, 2013
Don’t Die Here
Estate tax surprises at state level Recently passed federal legislation increased the exemption amount before your estate pays taxes on your assets when you die.
February 24, 2013
Are My Social Security Benefits Taxable?
Don’t be surprised at tax time When it comes to retirement many Americans believe they can count on their full Social Security benefits as a
February 21, 2013
Mortgage Insurance Premiums Box Missing
The 2012 Form 1098 does not contain a box for qualified mortgage insurance premiums. This is likely due to the fact that the new tax
February 1, 2013
New Safe Harbor for Home Offices
Beginning in 2013 there is a simplified way to take a home office expense for a portion of your home. This new ‘safe-harbor’ option greatly
January 28, 2013
