Tax Deductible Travel & Charity Work

If you donate your time to charitable organizations, the cost of traveling to do so may provide you with a tax deduction. You’ll have to itemize your deductions when you file your tax return […]

Renting Your Vacation Home and Taxes

If you rent your vacation home, you may be entitled to some tax deductions and there may also be some tax liabilities to be aware of. A vacation home can be a house, apartment, […]

Do I Have To Report My Gambling Winnings and Losses?

Whether you roll the dice, play cards or bet on the ponies, all your winnings are taxable. But your gambling losses may also be deductible. Here are a few things to know about gambling […]

IRS Underreported Business Income Letters – What Now?

They’re at it again. Last year, around this time, the IRS was sending mass mailings to small businesses questioning their accuracy in reporting income. Just like last year, the IRS is again sending Letter […]

Arizona Foreclosure Update – August 2013

In a recent study conducted by TransUnion (the credit-bureau company), Arizona had the best foreclosure clean-up numbers of any state in the nation. According to the report, the “proportion of homeowners with past-due home […]

Are Job Search Expenses Tax Deductible?

The reasons for a job search may be varied but the costs are very real and often come at a time when you’re trying to minimize expenses. The good news is that that jobs […]

Tax Tips when You Start a Business

If you plan to start a new business, or you’ve just opened your doors, it is important for you to know your federal tax responsibilities. Here are five basic things to know as you […]

Can I Sell or Refinance My Home If I Have a Tax Lien?

So here’s the situation, interest rates have dropped and you want to refinance your home at a better rate. But you can’t because you also owe money to the IRS and they’ve filed a […]

Tax Tips For When You Start A Business

If you plan to start a new business, or you’ve just opened your doors, it is important for you to know your federal tax responsibilities. Here are five basic things to know as you […]

So How Are Things At The IRS?

If you’re associated with the IRS in any way right now you’re probably in turmoil. The agency as a whole is the subject of a number of controversies. Congress is conducting an extensive review […]