Fees paid to attorneys, accountants, and other independent professionals or contractors can be deducted as "necessary and ordinary" business expenses. This comprises system analysts,...
Posted by RONNIE@RLDARDENCPA.COM on 05/09/2017
For anyone with a dependent, there are many different deductions out there that will give you a tax credit and reduce your tax payable. It is just a matter of finding which ones you...
Small business deductions come in many different forms and while there are some basic expenses that are easy for anyone to figure out and deduct, there are plenty of potential deductions...
Posted by CROMWELL & ASSOCIATES, LLC on 05/09/2017
Two of the most beneficial ways to lower your tax liability in 2017 are opening certain types of retirement and health savings plans. Adding and withdrawing funds is not subject to...
Posted by Joseph J. Gormley CPA on 05/08/2017
One common investment that people get involved in is real estate. Perhaps you have been living in a home you own and decide to upgrade, renting out your existing home. Or maybe you...
Captial gains, inheritence Figuring out your tax basis when selling assets can be tricky because some transactions fall under guidelines defined under the IRS's Publication 551 while...
Posted by CROMWELL & ASSOCIATES, LLC on 05/03/2017
How can taxpayers take advantage of every useful income deduction for 2017? The best way to pay a lower overall tax bill is to use as many deductions as possible, contribute to...
Posted by ICHIBAN INTL., INC. dba US-Taxman on 05/02/2017
For most Americans, tax season is over and done. If you are in a select group of people, however, you may qualify for an automatic extension for filing your taxes. There's no magic...
Posted by Christeen Seymour CPA on 05/02/2017
For most Americans, tax season is over and done. If you are in a select group of people, however, you may qualify for an automatic extension for filing your taxes. There's no magic...
Posted by Kimberly Perry CPA on 04/27/2017
