Mid-Year Tax Records Clean Up

As we round the corner into fall, it’s a good time to start thinking about records you will need for next year’s taxes.  Certain expenses that are eligible for tax credits or deductions are often concentrated in the summer months.  See details at the IRS...

Tax Impacts of Health Care Act Outlined

For all taxpayers who need assistance determining how the Affordable Health Care Act will impact them, the IRS has created a new Website as a self-guided resource: http://www.irs.gov/uac/Newsroom/IRS-Website-Explains-Tax-Provisions-of-the-Health-Care-Law One of our...

Reduce Your Taxes!

Itemizing deductions is one way to reduce your taxes, and there are some miscellaneous deductions that you should consider: http://www.irs.gov/uac/Newsroom/Reduce-Your-Taxes-with-Miscellaneous-Deductions Call our office for a consultation to determine which of these...

Eight Tips if You Owe Taxes

When your tax return is filed, if you owe taxes, there are several payment options for you to select between.   Click the link below to see the IRS’ eight tips for taxpayers: http://www.irs.gov/uac/Newsroom/Eight-Tips-for-Taxpayers-Who-Owe-Taxes CPAs in our...

Home Office Deduction

If you are working from home and want to take advantage of the home office deduction, you no longer have to keep detailed records of certain expenses and prorate these by the square foot.   The IRS has a simplified method available starting with your year 2013 tax...

IRS Rules on Renting Your Vacation Home

A vacation home can be a house, apartment, condominium, mobile home or boat. If you own a vacation home that you rent to others, you generally must report the rental income on your federal income tax return. But you may not have to report that income if the rental...

Online Resources for Tax Needs

The IRS.gov website is a great resource for free tax help 24 hours a day, seven days a week. They have numerous online tools to assist taxpayers of all kinds.   Click here to learn more: http://www.irs.gov/uac/Newsroom/Visit-IRS.gov-this-Summer-for-All-Your-Tax-Needs...

Deducting Your Job Search Expenses

In recognition of the fact that many people are job hunting during the summer months, the IRS has released seven things you should know when considering deducting job search costs: http://www.irs.gov/uac/Newsroom/Job-Search-Expenses-May-Lower-Your-Taxes We are...

Tax Benefits for Armed Services Personnel

Members of the U.S. Armed Forces should take notice of the special tax benefits that may apply to them.   A summary of ten of these benefits can be found below: http://www.irs.gov/uac/Newsroom/Special-Tax-Benefits-for-Armed-Forces-Personnel-1 Let us know if you need...