From the 'Taxation' Category:

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 […]

The IRS Doesn’t Keep Receipts – the Irony and the Reality.

The controversy involving the IRS continues to stir with the most recent revelation being the exorbitant amounts of money spent by the IRS on conferences, particularly for its self-employed and small business units. It […]

What Tax Records do I need and for how long?

We’re often asked about record keeping requirements. So here’s a general overview of what’s required, and for how long. Then we’ll make some recommendations about how to best comply. To establish that expenditures occurred, […]

The IRS Budget and Budget Cuts

The IRS has an annual current budget of about $12 Billion but has been tasked with reducing the budget by about $600 million in 2013. In addition, lots of tax changes and the IRS’s […]

What Impact Will Reducing My Taxes Have on Getting a Loan?

You want to minimize your taxes but you’re also planning on seeking mortgage financing to purchase a home or refinance an existing one. And you’ve heard that you can’t do both. Well, these two […]

Tax Planning Tips for Next Year's Tax Return

For many taxpayers, the tax deadline has passed. But planning for next year can start now. If you’re organized and plan ahead, you can save time and money next year. Here’s a few things […]

What to do if I get a Notice from the IRS?

The IRS reports that it sends millions of letters and notices each year to taxpayers for a variety of reasons. While rarely welcome, there are a few things to keep in mind if one […]