Is it worth filing an amended tax return?
Suppose you just glanced at the 2016 tax return you filed in April and noticed an error or omission. Or maybe you remembered a deduction you neglected to include on […]
Home office deductions: It’s not so simple
Do you work from your own home? If so, you may be entitled to deduct home office expenses on your personal income tax return. Taxpayers are sometimes hesitant to use […]
Donating art to charity — it can be a beautiful thing
Do you own a prized piece of art that you’d like to donate to charity? If you meet the requirements for gifts of property, you may qualify for an enhanced […]
Know Your Rights as a Taxpayer
Did you know that as a taxpayer you have certain rights that are outlined and available to you in the “Taxpayer Bill of Rights?” In a 2012 taxpayer survey, only […]
Meet the “New and Improved” Research Credit
After years of uncertainty, the Protecting Americans from Tax Hikes (PATH) Act of 2015 permanently extended a tax credit for research expenses for qualified small businesses. Generally speaking, the basic research credit […]
Social Security Benefits: A Tale of Two Tax Tiers
After paying taxes on earnings during your entire work career, you may finally be entitled to receive Social Security retirement benefits. But be aware that those benefits could come at […]
5 Business Tax Breaks for Summer
Now that summer has arrived, you may find opportunities to combine business activities with pleasure, which could result in tax breaks. Here are five of those potential breaks. Organize a […]
Exceptions to Early IRA Withdrawal Penalty
Life sometimes throws you a financial curve ball. So, you may have to take money out of your Traditional IRA earlier than you had planned. Your early withdrawal will be […]
Hiring Your Child for the Summer
Is your teenager looking for a job for the summer? Hiring him or her to work in your business not only provides a little income for your child, but it […]
Victims of a Disaster, Fire or Theft may be able to Claim a Casualty Loss Deduction
If you suffered damage to your home or personal property, you may be able to deduct these “casualty” losses on your tax return.freecharge bsnl landline bill payment offers A casualty […]