From the 'Taxation' Category:

Dead or Alive – Mortgage Forgiveness in 2014

The Debt Forgiveness Act, originally passed by Congress in 2007 to give tax relief to homeowners who lost their homes to short sale or foreclosure, expired on New Year’s Day 2014. As a result, […]

Tax To-Do Items for 2014

The holiday celebrations are now done, 2014 is here and it’s time to make sure all the tax related items are properly addressed…but what are they? Here’s a list of five key items to […]

2014 Tax Season will Open January 20, 2015

The IRS will begin accepting paper and electronic tax returns on January 20, 2015 for the 2014 tax year. Until recently, it was uncertain whether or not this would be delayed into late January […]

Year End Charitable Giving – 3 things to Remember

As the Holiday season reaches full swing and the Tax Year draws to a close, thoughts often turn to more cheerful thoughts than taxes. But now is the time to make last minute adjustments […]

IRS Mileage Rates – and an Alternative

The IRS recently announced the new mileage rates for 2014: 56 cents per mile for business miles driven 23.5 cents per mile driven for medical or moving purposes 14 cents per mile driven in […]

Tax Credits and Deductions Expiring in 2013

Tax credits and deductions have become an important part of the tax code and a significant benefit to many tax payers. Some credits, like the investment credit for business in American Samoa, are rarely […]

5 Tax Tips For When You Sell Your Home

If you’re selling your primary residence, here are a few things to keep in mind. If you lived in your home for at least two of the last five years, and make a profit […]

The Extra Income Inquisition

If you’re a small business, the IRS has decided you may be hiding income. According to the IRS tax gap study released in 2012, the U.S. Treasury loses $376 billion each year due to […]

The Government Shutdown Ripples Continue…

Every year the IRS updates its computer systems in preparation for the next tax year’s returns. Rules change, processing and technology updates are implemented and new tax laws are reduced to policy and imbedded […]

The Shut down is Over – the IRS is now Open for Business.

Well, the showdown at Capitol Hill is officially over. Congress has approved a temporary measure to extend the debt ceiling through February 7, 2014 and fund government operations until January 15, 2014. Congress and […]