We’ve all thought it… Sitting on the beach in a tropical place while attending a quick meeting via your laptop before hitting the waves in the afternoon sun. Many people imagine that all they must do is get a work Visa, wave good-bye to family and friends and head to sunnier shores for a bit. Before you jump ship, or hop a plane, there are im
The S corporation business structure offers many advantages, including limited liability for owners and no double taxation (at least at the federal level).
Recent changes to the Individual Income Tax Code eliminated deductions for casualty losses (storm damage) beginning in Tax Year 2018, unless the President declares a Federal Disaster Area. Prior to the Tax Changes, individuals could claim certain personal casualty losses not compensated by insurance or otherwise as itemized deductions, includin
When it comes to income tax returns, April 15 (actually April 17 this year, because of a weekend and a Washington, D.C., holiday) isn’t the only deadline taxpayers need to think about.
As the IRS has noted in its alerts to the public, a variety of different tax scams continue to rob people of millions of dollars and trick them into handing over sensitive personal information.
Do you feel overwhelmed around tax time when trying to select a qualified and suitable tax return preparer? The Internal Revenue Service has published the following Tax Topic 254 as a guide for taxpayers when selecting a tax return preparer.
In our March 2014 newsletter, we provided a discussion entitled “What Are The Chances of Being Audited.” The article focused on the relative possibility of an audit given different levels of income.
