Tax Tips

Recent changes to the Individual Income Tax Code eliminated deductions for casualty losses (storm damage) beginning in Tax Year 2018, unless the President declares a Federal Disaster Area.  Prior to the Tax Changes, individuals could claim certain personal casualty losses not compensated by insurance or otherwise as itemized deductions, includin

When it comes to income tax returns, April 15 (actually April 17 this year, because of a weekend and a Washington, D.C., holiday) isn’t the only deadline taxpayers need to think about.

Meals, entertainment and transportation may cost businesses more under the TCJA    

Working from home has become commonplace. But just because you have a home office space doesn’t mean you can deduct expenses associated with it.

As the IRS has noted in its alerts to the public, a variety of different tax scams continue to rob people of millions of dollars and trick them into handing over sensitive personal information.

An adoption tax credit is a tax credit offered to adoptive parents to encourage adoption.

Do you feel overwhelmed around tax time when trying to select a qualified and suitable tax return preparer? The Internal Revenue Service has published the following Tax Topic 254 as a guide for taxpayers when selecting a tax return preparer.

In our March 2014 newsletter, we provided a discussion entitled “What Are The Chances of Being Audited.” The article focused on the relative possibility of an audit given different levels of income.

Labor Day signifies the end of summer and comes with a three-day weekend; maybe a trip to the beach, the lake, or the the cabin, and a barbecue.  

Whether you just spent the entire summer paying for child care and are happy to know that you now have a safe place to drop off your children Monday through Friday or you are wondering where your kids are going to be between the end of the school day and the end of your work day, child care is something that parents are all thinking about and tr