WHICH MOVING EXPENSES ARE DEDUCTIBLE?
If you moved due to a change in your job or business location, or because you started a new job or business, you may be able to deduct your reasonable moving expenses; however, you may not deduct any expenses for meals. If you meet the requirements of the tax law for the deduction of moving expenses
TIPS FOR TAXPAYERS WHO TRAVEL FOR CHARITY WORK
Do you plan to travel while doing charity work this summer? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five tax tips you should know about travel while serving a charity.
SPECIAL TAX BENEFITS FOR ARMED FORCES PERSONNEL
Military personnel and their families face unique life challenges with their duties, expenses and transitions. As such, active members of the U.S. Armed Forces should be aware of all the special tax benefits available to them that can make it easier to file their tax returns and possibly lower their federal tax burden.
YEAR END TAX PLANNING ADVICE
Utilizing the various tax strategies can sometimes reduce your annual tax liability by 30 percent and planning ahead can give you an opportunity to forecast and prepare for your 2013 year-end tax obligation. Call us now to set up a meeting for your 2013 year end tax planning – (702)802-2010
2014 TAX SEASON TO START LATER FOLLOWING GOVERNMENT CLOSURE
WASHINGTON — The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to program and test tax processing systems following the 16-day federal government closure.
TRAVEL & ENTERTAINMENT: HOW TO MAXIMIZE TAX BENEFITS
Tax law allows you to deduct two types of travel expenses related to your business, local and what the IRS calls “away from home
Keeping good records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the IRS selects your return for an audit. Here are five tips for keeping good records.
HOW THE 2010 Affordable Care Act AFFECTS INDIVIDUAL AMERICAN
In 2010 Congress passed the Affordable Care Act, also called Obamacare, which is now currently having major impacts on individual Americans. There are four major changes that started in 2013 with several more changes starting in 2014.
TAX FREE COLLEGE SAVINGS
College tuition and fees are on the rise with the cost of tuition at a four-year public institution rising 9.6 percent over past year and the cost of most four-year private schools topping $36,000 per year on average. While few can argue against the value of a college degree (according to the U.S. Census Bureau, individuals with a bachelor’s degree earn more than $1 million more in their lifetime than those with just a high school degree), the costs are prohibitive.