Tax-Free Rental Income
Most income you receive is taxable income that is reported to you and to the Federal/State tax authorities. However, there are a few income-producing events
August 27, 2013
Using Losers to Make Winners
Understanding the rules surrounding investment losses can really help minimize your tax obligation each year. This is because investment gains and income can be subject
August 19, 2013
IRS Notices with Interest Calculation Error
IRS to send out special mailings Noted here is a copy of a recent interest error calculation announcement made by the IRS. If you recently
July 19, 2013
Avoid the Gambling Winnings Tax Surprise
With the increased popularity of lotteries and casinos, more unsuspecting winners are experiencing a lucky payday only to end up with a huge tax head-ache
July 16, 2013
Avoid the 50% Penalty!
Understanding Required Minimum Distribution (RMD) Rules Every year thousands of taxpayers are hit with a heavy 50% penalty for not withdrawing enough money from their
July 9, 2013
Does Your Mileage Log Travel the Distance?
The tax code allows deductions for qualified miles driven for business, medical, moving and charitable purposes. But to claim this deduction you must keep adequate
July 1, 2013
Who Pays What?
In a continuing effort to provide information as we listen to the budget and debt debates out of Washington D.C., outlined here are some IRS
July 1, 2013
So You’re Thinking about Starting a Business?
Tax complexities can be confusing. Creating and running a small business in America can be a lot of hard work. It can also be rewarding.
June 19, 2013
Beware IRS Phishing Scams
Each year the IRS publishes the top dozen tax scams it encounters over the prior year. One of them that makes an all too common
May 28, 2013
2014 Health Savings Account Limits Announced
The savings limits for the ever-popular Health Savings Accounts (HSA) are now set for 2014. The new limits are outlined here with current year amounts
May 20, 2013
