Tag: business

  An unexpected call from the IRS trying to collect back taxes is never fun, and recently, it became more likely.  In December 2015, the IRS started to use four private collection agencies (CBE, ConServe, Performant, and Pioneer) to collect …

Owe Back Taxes? PCAs, Tax Scams, And You Read More »

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When Lou Gagliano told his wife, Martha, he wanted to start a tax preparation company after he retired from IBM, she had her doubts. Who retires just to start another business? Who starts an income tax preparation business? Well, Lou …

Gagliano Associates: Clients Make US! Read More »

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The 2015 Mileage Deduction Rates have been announced by the Internal Revenue Service today.  Taxpayers use the mileage deduction rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2014, the …

Mileage Deduction Rates for 2015 Released Read More »

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Millions of people enjoy hobbies that are also a source of income. Some examples include stamp and coin collecting, craft making, and horsemanship. You must report on your tax return the income you earn from a hobby. The rules for …

Basic Tax Tips about Hobbies Read More »

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