Tax Tips: Bogus IRS harassing calls

There has been a plague of phone calls by fraud artists posing as IRS employees and demanding money. Between 9,000 and 12,000 complaints about...

Tax Tips: Charitable contributions

Americans are the most charitable people in the world, as evidenced by records of our annual donations of giving. Congress has been very generous...

Tax Tips: IRS budget and service cuts

The IRS is coming to grips with a $346 million budget reduction including enforcement cuts of $160 million. I wonder if it is due...

TAX TIPS: Common tax myths

As our tax law becomes ever more complex, misconceptions regarding the law and its interpretation increase. Many people think that by filing an extension they...

Tax Tips: Obamacare hits tax returns …

The Obamacare mandates become effective on our 2014 tax returns. The Affordable Care Act (Obamacare) requires that you have health coverage that meets the law’s...

Tax Tips: People get ready, tax season’s a comin’ …

About this time of year, we begin to collect all the information we will need to properly file our income tax returns. Since it’s...

Tax Tips: Survivor — tax audit island episode …

When taxpayers receive a tax audit notice, they often feel as if they are stranded on a hostile island and danger awaits. If their...

Tax Tips: Charitable contributions …

Americans are the most charitable people in the world, as evidenced by records of our annual charitable giving. Congress has been very generous in...

Tax Tips: Self-employed retirement savings plans …

Saving for retirement has never been more important. The Social Security system is being placed under increasing strain as people live longer and the...

Tax Tips: Foreign asset reporting – watch out

Several filing requirements can apply when you own or are a beneficiary of foreign financial assets. These forms report on the specific assets themselves...
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