2014 Year-End Planning Guide for Individuals

With the end of the year approaching, we all immerse ourselves in the hustle and bustle of the holiday season. It’s a time full of family, friends, love, laughter, and amazing food. However, once the holiday cheer comes to an end it’s time to gather all of our tax...

Miscellaneous Deductions – Things to know

There are certain miscellaneous costs that you pay during the year you may be able to deduct. Some examples include employee expenses and fees that you pay for tax advice. These deductions could lower your tax bill if you itemize. Below are facts the IRS wants you to...

Selling Your Home: Top ten tax facts to know!

If you make a profit off of the sale of your home, the gain may not be taxable. The IRS has issued ten tax facts you should be aware of if you are selling your home this year:   1.  As stated above, if you have a capital gain on the sale of your home, the gain...

IRS Adopts Taxpayer Bill of Rights

To provide taxpayers with a clear understanding of their rights, the Internal Revenue Service Center has released the adoption of a “Taxpayer Bill of Rights.” The document groups various existing rights in the tax code into ten extensive sections....

Paying a Tax Bill – Five Tips to Avoid Extra Charges

Tax bills from the IRS should not be ignored. A delay in payment can lead to more interest and penalties that need to be paid. Below are five tips from the IRS to avoid extra charges: 1. Pay electronically – Paying your bill(s) with the IRS electronic payment...