Summertime is finally here! Are you enjoying days at the pool, maybe taking a vacation (or a staycation depending on your economy) or catching up with neighbors as people spend more time out doo...
In May, according to CNN, the United States Government hit the debt ceiling. This is the national version of maxing out your credit card, however the government isn't having their lines reduced ...
The most tax newsworthy topic this week has been about what has been termed the "Amazon Tax." Online retailer, Amazon.com, has pulled operations out of states that force its sellers to collect retail...
The Internal Revenue Service announced this week an increase in the optional standard mileage rates for the final six months of 2011. Taxpayers may use the optional standard rates to calculate the de...
Are you considering getting a new car in 2011? There are some incentives available if you purchase a car weighing more than 6,000 pounds. If you purchase a large vehicle, you can deduct the 100...
If you are considering adopting a child, you may qualify for the adoption tax credit, which is up to $13,170 per child. In order to qualify, you must have adopted a child and paid out-of-pocket expen...
We are in the tax "off-season," but that doesn't mean that we can afford to stop thinking and talking about taxes. Utilize this down time to get organized and make sure you have a plan to keep your r...
The Internal Revenue Service announced this week that the spring 2011 issue of the Statistics of Income Bulletin is now available. The issue features information on high-income individual tax re...
By now you have probably received your refund from the IRS for 2010 unless you filed an extension. Unfortunately, some taxpayers had their refund withheld or it was used to offset previous tax l...
What is the IRS targeting this year? That’s right; we are talking about the returns that the IRS plans on auditing. With the millions of tax returns that are filed with the IRS each ...