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Depreciation

May 9, 2014 | Larry | Amended tax return, depreciation, IRS | No Comments

Depreciation is a valuable tax deduction. It is oftentimes not taken due to taxpayer misconceptions, including the belief that the taxpayer will be heavily taxed on the depreciation when the asset is sold. Any additional tax represents a small percen

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Ten Facts about Amended Tax Returns-IRS Tax Tip

May 2, 2014 | Larry | Amended tax return, business expenses, credits, deductions, interest, IRS, State taxing authority, Taxes | No Comments

  Issue Number:    IRS Tax Tip 2014-51   Inside This Issue   Do you have an uneasy feeling that you overpaid taxes in a previous year? If your gut feeling rings true, it is possible to file an amended tax return. You generally have

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10 Tips for Taxpayers Who Owe

Apr 24, 2014 | Larry | IRS, Taxes | No Comments

Washington, D.C. (April 15, 2014) By Roger Russell For taxpayers who owe taxes with their tax returns, the IRS has provided ten tips about how to pay: 1. Taxpayers should never send cash. 2. If taxpayers e-file, they can file and pay in a single st

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Study Finds Link between Financial Planning and Happiness

Apr 24, 2014 | Larry | baby boomers, financial planning, financial security | No Comments

Study Finds Link between Financial Planning and Happiness Milwaukee (April 18, 2014) By Michael Cohn, Editor-in-Chief, AccountingToday.com The more discipline an individual brings to their finances, the more financially secure he or she feels in the

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Withholding Adjustments

Apr 23, 2014 | Larry | Taxes, W-4, Withholding | No Comments

Now that you have filed your taxes and expect a sizable refund, it is time to consider adjusting your withholding. While nobody enjoys writing a check to the IRS, one should also avoid giving Uncle Sam an interest-free loan. Withholding is adjusted b

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Equal Federal Tax Benefits for Same-Sex Married Couples

Apr 23, 2014 | Larry | Withholding | No Comments

August 29, 2013, the Treasury Department published a ruling regarding legally married same-sex couples. For those married in a domestic or foreign jurisdiction that recognizes same-ex marriages, starting with 2013, couples must file their federal tax

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