Most of us have heard the acronym AMT. Most of us have no idea what it is… but yet we’ve heard it used with disdain and therefore assume that “AMT” can’t be something good. In general, that assumption is correct... But
At some point or another, most taxpayers may have heard that claiming a home office deduction raises an automatic red flag at the IRS that may trigger an audit. However, home office deductions are leg
Receiving a tax notice from the IRS almost immediately incites fear in most taxpayers. First, it's important to understand that there are many types of communication from the government tax agency
A recent ABC News report reveals President Barack Obama declared 89 major disasters in 2011, up from the 81 he declared in 2010. Additional statistics from the National Climatic Data Center reveal the
Determining whether Social Security Income is taxable causes a lot of confusion. Beliefs regarding an answer are usually black and white. Most believe that Social Security income is nev...
Alimony payments can be expensive in some scenarios, so many divorcees may question whether these payments can be deducted from their taxes. But the answer is: it depends. There are a number of rules ...
An IRS audit can conjure fear in the majority of Americans and even the tiniest of mistakes can trigger a more skeptical look at taxpayer returns. However, a new pilot program launched by Uncle Sam wi...
The winter holiday season is a time for celebrating and reuniting with friends, family and loved ones, but it's also one of the periods when Americans spend the most money. Although holiday gifts,...
When you sign on to be a celebrity you expect to have your life broadcast around the world. Fill in the blank celebrity "is in court" or "in jail" or "caught cheating" blasts across the internet...
Another Halloween has come and gone! As I sit here pondering the day's events including the wonderful candy, chili, and a few good pranks, I do feel sorry for the parents of the kids that have been ...