Individual Income Tax – Federal

Field Audit—a field audit is done at the taxpayer’s place of business.  The taxpayer, however, can request a change in…

Individual return audit rates To start, individuals get more audits than business and specialty taxpayers. In 2017, the IRS reported…

  When Congress initiated our modern income tax system with the 16th Amendment to the Constitution in 1913, no one…

When my clients and I are going over their qualified charitable contributions, they often tell me they’ve made many contributions…

Question #1 – Why should I share my bank account information with the government to get direct deposit? It’s faster…

   Minimize fraud opportunities on your social security number (SSN).    Once the tax return is filed and accepted, the…

Tax Effects of Divorce or Separation

Issue Number: IRS Summertime Tax Tip 2016-23 If you are divorcing or recently divorced, taxes may be the last thing on…

Student Loan Forgiveness

We get so many questions on student loan forgiveness so I thank the Corridor Business Journal for the following guidance….

Geothermal Pays Off Quick with Tax Credits

Federal Geothermal Tax Credit Eligible Renewable/Other Technologies: Solar Water Heat, Photovoltaics, Wind, Fuel Cells, Geothermal Heat Pumps, Other Solar Electric…

Most student loans unaffected by upcoming increase in rates

You know an issue has reached critical mass when it’s the topic of late-night comedian Jimmy Fallon’s “Slow Jam the…

~ Debt Limit Talks Move Tax Proposals Up ~

Administration’s Proposals At the center of President Obama’s long-range plan to trim the deficit is an extension of the Bush-era…