Homeowner tax deductions are limited – are you taking advantage of all the deductions available?
Preparation and strategy to consider if you are selected for an audit by the IRS.
The Alternative Minimum Tax (AMT) was enacted to ensure that high-income taxpayers pay at least a minimum amount of tax; however, sometimes it can push lower-income taxpayers into an AMT situation.
The IRS deductions for business repairs vs. improvements are very different, review this list of both and your recordkeeping requirements.
Interest that is deductible and interest that is not deductible on your income return. And debt defined.
Protect your financial Interests in a Buy-Sell Agreement – these agreements are usually part of a succession plan put in place to protect the financial interests of owners and their heirs.
Child Tax Credit, Additional Child Tax Credit, Child and Dependent Care Credit, Adoption Credit, Lifetime Learning Credit —do you qualify?
Who to notify in the unfortunate event that you have a credit card or your identity stolen.
Most property an individual owns and uses for personal or investment purposes is a capital asset. This article discusses cost basis and average basis, capital gain and loss, as well as capital gain tax rates.
Taxpayers with cancelled debt can often exclude the cancellation of debt income to the extent they were insolvent immediately before the cancellation – therefore, if a cancelled debt is excluded from income, it is nontaxable.
Ask A Accountant