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Tax Cuts and Jobs Act of 2017

Dec 12, 2017 | Larry | deductions, Taxes

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

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Simplified Home Office Deduction

Jul 6, 2014 | Larry | business expenses, deductions, depreciation, IRS, office in the home, simplified home office deduction

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

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A Brief Primer on the Home Office Deduction

May 27, 2014 | Larry | business expenses, deductions, depreciation, IRS, office in the home, Taxes

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

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1 out of 4 Americans Not Saving for Retirement

May 22, 2014 | Larry | credits, deductions, financial planning, financial security, Taxes

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

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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

  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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