Tag: documents

Gambling, Wins and Losses What happens in Vegas, stays in Vegas.  Unfortunately, the IRS tends to disagree with that sentiment, especially when it comes to your taxes.  Whether you are a consistent gambler or your winnings (or losses) are the …

Gambling With Your Taxes Read More »

Tagged with: , , , , , , , , , , , , , , , ,

Most taxpayers don’t have a problem keeping records for the immediate tax year. However, after the tax season is over, most of us forget about keeping records for past tax years. This results in one of two problems: if you’re …

Keeping Records: What can Stay and Go Read More »

Tagged with: , , , , , , ,

Inflated Refund Claims Remain on the IRS “Dirty Dozen” List of Tax Scams for the 2015 Filing Season WASHINGTON — The Internal Revenue Service today warned taxpayers to be on the lookout for unscrupulous tax return preparers pushing inflated tax …

Scam Artists Lure Victims Promising Outlandish Refunds! Read More »

Tagged with: , , , , , , , , , , , , , , , , , , , , , , , , ,

Nearly everyone is affected by the Affordable Care Act and will need to do something new when filing their taxes this year.  The following chart will help you better understand how the health care law affects you and everyone on your …

The Health Care Law’s Effect on Your Taxes Read More »

Tagged with: , , , , , , , , , , , ,

During the holiday season a missed or stolen package can be aggravating, which is doubtless why you eagerly watched for deliveries all December, calling the nanosecond you suspected a problem. Unfortunately, many employers don’t send tracking numbers when the packet …

It’s tax season. Do you know where your mail is? Read More »

Tagged with: , , , , , , , , , , , , , , , , , , , ,

WASHINGTON —The Internal Revenue Service today provided late-payment penalty relief to individuals and businesses requesting a tax-filing extension because they are attaching to their returns any of the forms that couldn’t be filed until after January. The relief applies to …

Relief Available To Many Extension Requesters Claiming Tax Benefits Read More »

Tagged with: , , , , , , , , , ,

Martha Gagliano started their tax preparation business in 1987 and recently retired. I asked her to write a blog for you. Do you like to get a refund?? The best way is to keep good records. Businesses: save and catalog all …

Keeping good records could = more refunds for you!! Read More »

Tagged with: , , , , , , , , , , , , , ,

We  live in a digital age and less paper is a good idea and saves trees, right?? This is true, however I recommend to our clients that deduct expenses not go paperless. You need those papers to substantiate your deductions. And the IRS …

Is going paperless a good idea? Read More »

Tagged with: , , , , , , , , , , ,