The Senate and House versions have been reconciled and are headed to the President’s desk for signature Key aspects –reduction of the corporate tax rate from 35% to 21% –reduction of pass-through business income taxes. Allows a dedu
The simplified home office option took effect starting January 1, 2013. Use of this option allows the taxpayer who uses a home office for business to deduct the space without maintaining expense records. It is recommended by the IRS as a viable alter
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
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
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
