If you haven’t filed your 2009 federal tax return, or need to amend that return because you didn’t claim all the available deductions, you still have time but you’ll need to act quickly. The […]
From the tax attorney Tag
Taxes are worse than bills on the pain scale. But tax credits can ease the pain, sometimes substantially. A tax credit reduces the amount of tax you must pay. A refundable tax credit not […]
If you were married or divorced and changed your name last year, be sure to notify the Social Security Administration before you file your taxes with the IRS. If the name on your tax […]
Is claiming the business use of your home office a good or bad idea? In a word, “Bad!” Why? Especially when the IRS just made it simpler to claim the deduction starting in 2013. […]
This recently came from the IRS. While I don’t completely agree with everything (particularly with item #4 because it could increase the audit risk in some cases), it is pretty sound advice overall. Ten […]
Congress passed the Mortgage Forgiveness Debt Relief Act of 2007 as a means of providing underwater homeowners with options to reduce the tax liability resulting from forgiven mortgage debt. The act is now set […]