Jul 11, 2017 | Firm Updates, Tax Tips
Now that we’ve hit midsummer, if you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax consequences. If you rent it out for less than 15 days: You do not have to report the income. But expenses associated with...
Jul 10, 2017 | Firm Updates
Scams continue to be a problem for the IRS and taxpayers. Here are four recent scams to be aware of so you do not become a victim of the ever more sophisticated scammers: EFTPS scams. Con artists claim to be from the IRS and say that two certified letters mailed to...
Jul 10, 2017 | Firm Updates, International Tax
When people read the words “IRS” and “foreign account,” their first thought often is to ignore it, because they do not think it applies to them. However, many people are surprised to learn that they actually do have foreign assets to report. Here are some examples:...
Jul 5, 2017 | Firm Updates, Individual Tax, Tax Tips
You may be tempted to forget all about taxes during summertime, when “the livin’ is easy,” as the Gershwin song goes. But if you start your tax planning now, you may avoid an unpleasant tax surprise when you file next year. Summer is also a good time to set up a...