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October 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during September, you...

Article Highlights: Hobby Losses Not-for-Profit Rules Determining Factors Trade or Business Presumption Hobby Tax Reporting...

f you are an employee of a corporation, as an incentive to continue employment, the company may offer you the option to purchase shares of t

If you are a divorced or separated parent with children, a commonly encountered but often misunderstood issue is who claims the child or chi

Throughout your life there will be certain significant occasions that will impact not only your day-to-day living but also your taxes.

Article Highlights: Purchase Costs Points Mortgage Payments Property Taxes Inflation Gain Exclusion Renting Versus Owning Housing is a...

Article Highlights: Matching Season IRS Letters Fake Letters Demand for Immediate Payment Every year, the vast majority of taxpayers file...

qualifying U.S. citizens and resident aliens who live and work abroad may be able to exclude from their income all or part of their foreign

September 1 - 2019 Fall and 2020 Tax Planning Contact this office to schedule a consultation. September 10 - Report Tips to Employer If...

Was your 2018 federal tax refund less than normal, or – worse yet – did you actually owe tax despite usually getting a refund?

One of the big issues of cryptocurrency is how it is treated for tax purposes. The IRS says that it is property, so that every time it is tr

Gains and losses for securities, including stocks are not recognized for tax purposes until the securities are sold or become worthless.

If you are buying a new car, are you wondering what to do with the old one? Be mindful of the tax implications.

U.S. citizens and residents with a financial interest in authority over any foreign financial account may need to report.

The IRS announced in late July 2019 that it is ramping up its campaign to ensure that taxpayers with cryptocurrency transactions report them

Article Highlights: Income as a Factor Filing Status as a Factor 85% Maximum Taxable Base Amounts Deferring Income Maximizing IRA...

According to one recent study, the vast majority of Americans who are between the ages of 55 and 64 say that they have only saved, on...

August 12 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during July, you are...

Article Highlights: Home Equity Loan Home Equity Interest Deduction Alternative Minimum Tax Above-the-Line Interest Deduction Qualified...

ITINs are used by people who have tax filing or payment obligations under U.S. law but who are not eligible for a Social Security number. IT