Tired of preparing all the documentation needed to support business travel expenses? If your business reimburses employees for actual travel expenses, employees are required to collect receipts as they travel, noting [...]
The federal income tax rules on qualified residence interest have been around for many years, but there's always a steady flow of disagreements between the IRS and taxpayers on these [...]
If you’re charitably inclined, making donations is probably one of your key year-end tax planning strategies. But if you typically give cash, you may want to consider another option that [...]
Section 529 plans provide a tax-advantaged way to help pay for college expenses. Here are just a few of the benefits: Although contributions aren’t deductible for federal purposes, plan assets [...]
The deadline for the Department of Labor's (DOL's) new final overtime rule is December 1, 2016. While CFOs at most large U.S. companies have been working overtime themselves to prepare [...]
If you have incomplete or missing records and get audited by the IRS, your business will likely lose out on valuable deductions. Here are two recent U.S. Tax Court [...]
Information provided by IRS Certain energy-efficient home improvements can cut your energy bills and save you money at tax time. The IRS suggest you keep the following key facts about [...]
Business woman holding a digital tablet pc analyzing stock market graph. Selective focus. If you invest, whether you’re considered an investor or a trader can have a significant [...]
Information from IRS You need to report any gambling winnings as income on your tax return. If you have gambling losses, you will need to itemize the losses up to [...]
If you recently redeemed frequent flyer miles to treat the family to a fun summer vacation or to take your spouse on a romantic getaway, you might assume that there [...]
Information courtesy of IRS.gov The IRS offers the following tips if you are divorcing or recently divorced. Keep in mind: Child Support. Child support payments are not deductible and if you [...]
Many expenses that may qualify as miscellaneous itemized deductions are deductible only to the extent they exceed, in aggregate, 2% of your adjusted gross income (AGI). Bunching these expenses into [...]
If you go on a business trip within the United States and tack on some vacation days, you can deduct some of your expenses. But exactly what can you write [...]
Enjoy this new video live at Clear Channel at iHeart Radio on The Jeff Crilley Show with special guests from The Burns Firm.
Information courtesy of IRS.gov When you start a business, you need to know about income taxes, payroll taxes and much more. Review the IRS tax tips below to help get your business [...]