There are a myriad of reasons why people have tax issues.  In my decade plus of expertise in guiding people to resolve theirs, I’ve just about seen them all. Our tax mediation firm specializes in working with the IRS to secure the best deal for clients seeking relief for their tax problems. Years of practice in careful listening and observing combined with a brazen approach and natural proclivity
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Last year Congress made some new decisions about the amount of business deductions that can be made on your car purchased after Sept. 8, 2010, and before Jan. 1, 2012. If you are like most business owners, you want to tap into these tax breaks when you can.  Laura Saunders of the Wall Street Journal highlights some great tax relief tips (new and old) you need to know about deductions
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Tom Herman of the Wall Street Journal posted a great tax relief tip article, Renting Out Home? Watch for 14-Day Rule, that includes tax tips to consider when renting out your home for the summer.  Herman notes that under IRS rules you can rent out your home for up to 14 days in a year without being subject to Federal income tax. If you go over the 14 day rental
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The IRS announced its new standards for mileage rates for the second half of the 2011 year. Starting July 1 the new rates will take effect.  The Wall Street Journal reports that after the first “the rate for business miles increases to 55.5 cents from 51 cents and to 23.5 cents from 19 cents per mile for medical and moving expenses. The per-mile deduction for charitable expenses remains unchanged, at
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Today’s Tax Resolution Tip:
Do you own a home-based business? Ensure you can easily track your expenses by saving a copy of each and every business transaction and deduction!
While good record keeping is a great practice when it comes to filing taxes, it is all the more important if you own a small home-based business. If the IRS decide to audit your business you need to show proof of every deduction
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Today’s Tax Resolution Tip:
Are you self-employed? Make your tax filing easier by creating a ‘tax’ account. Then place 30% of every dollar for Social Security, Income Tax and FICA  into that account and use it to make quarterly payments from it.
Avoid filing problems and make your life easier!
Do you owe back taxes to the IRS? Settle your debt with expert tax help. Check out our tax relief FAQs for more information
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Today’s Tax Resolution Tip:
You can file for an extension on your tax return!
It is your right as a consumer. However, an extension grants you an extension of time to FILE, it is not an extension of time to PAY. You would still have to pay any taxes owed on time, however you can request a little more time in filing your tax return.
Get more daily tax tips at 365 Ways
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Jan Van Dusen, a volunteer for a cat rescue program, recently went to battle with Tax Court to deduct expenses for the care of some 70 plus cats. The article Stray Cat Strut: Woman Beats IRS published in the Wall Street Journal outlines how Ms. Van Dusen won her case against the tax court in her argument for the deduction for over $12,000 in bills accumulated for the care of
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Today’s Tax Resolution Tip:
Remember to sign and date your tax return! This may sound basic, but in the midst of finalizing one’s return the basics are often overlooked! If you’re filing a joint tax return, both you and your spouse have to sign. (Both must sign even if only one spouse had income during the tax year.) If you paid anyone to help prepare your return, they must sign also!
Don’t
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When making donations to charitable causes it is always a great idea to document the donation properly which can later be used as tax relief in the form of a deduction.  Another important step is to check whether or not the charity you are contributing to is actually tax-exempt to begin with.
Last week the IRS released its list of approximately 275,000 organizations that have lost their tax exemption status.  According
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Today’s Tax Resolution Tip:
Quick tax lessons: The Statute of Limitations are laws regarding IRS timings:
- The IRS have 3 years to issue a refund to consumers
- The IRS have 3 years to audit your tax return
- The IRS have 10 years to collect any tax due from consumers
Find our more about the Statute of Limitations and expiration of back taxes. For more tax help, check out our tax relief FAQs and keep
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Charitable donations are a great way for individuals to help out meaningful causes and to also gain a little tax relief when it comes time to cut the check to the IRS.  A new article, One Easy Way to Lose that Charitable Deduction by the Wall Street Journal, highlights the importance of getting the proper documentation for every charitable donation you make over $250 dollars. Without the recognized “letter” from
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Today’s Tax Resolution Tip:
If you are a home-based business owner, here’s a tax tip that is particularly relevant to you. Tracking your expenses is essential, especially if you are audited by the IRS. Save at least one copy of each and every transaction and/or deduction as proof in case of audit.
Visit our audit FAQ page for more information on IRS tax audits, including how to avoid them and survive an IRS
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Today’s Tax Resolution Tip:
Don’t be old-fashioned! Paying in cash is not the best option when it comes to taxes. Maximize your tax redeductions by using checks and credit cards for record-keeping. The IRS are happy to accept a cancelled check or credit card receipt as appropriate methods of keeping track of your expenses.
For more tax relief advice visit our Tax Help Articles and keep up with 365 Ways to Keep the
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Summer is here and with it comes the summer jobs for teenagers and young adults often on break from school.  In a recent article by Lara Saunders for the Wall Street Journal titled The Real World:Tax Tips for Summer Workers tax tips and traps are outlined for parents and young people with summer jobs. Here are a few of the important highlights directly from the article:
• Know your status. Young
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