Left Right

A Brief Primer on the Home Office Deduction

May 27, 2014 | Larry | business expenses, deductions, depreciation, IRS, office in the home, Taxes | No Comments

One of the most misunderstood and neglected business deductions is the home office. Both tax professionals and clients oftentimes are reluctant to take this valuable deduction. It is unfortunate, because the home office deduction is both valuable and

read more

1 out of 4 Americans Not Saving for Retirement

May 22, 2014 | Larry | credits, deductions, financial planning, financial security, Taxes | No Comments

This article is a sobering reminder of the financial challenges the typical American now faces. It also presents solutions. One can realize their retirement goals through a combination of tax and financial planning in conjunction with an early start

read more


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

read more

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

read more

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

read more

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

read more

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

read more

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

read more