Year: 2012

Answers to Frequently Asked Questions for Same-Sex Couples The law in many states now allows for same-sex marriages.  As state law allows something that federal law does..

The IRS wants a copy of my canceled check! WHAT DO I DO? With many taxpayers engaging in electronic banking and debit card transactions (because paying with..

Job Search Expenses CAN BE DEDUCTIBLE!! Summertime is the season that often leads to major life decisions, such as buying a home, moving or a job change…

Charitable Contribution DENIED! The amazing result in this case shows why paying attention to the formalities that your CPA hounds you about is critically important should the IRS..

Personal Use of Rental Properties When the IRS issued the latest version of Form 8825, Rental Real Estate Income and Expenses, it added three new columns to..

Do You Need a New EIN? Generally, businesses need a new EIN when their ownership or structure has changed, but the rules can be a bit confusing. ..

Taxation of abandonments, foreclosures and repossessions Many individuals in the current economy have had trouble paying mortgages, car notes and other debts. Some are forced to abandon..

Seven Tips to Help Taxpayers Avoid Phony Refund Schemes Abusing Popular College Tax Credit The IRS has offered  the following seven tips to help you avoid an..

How to qualify for the Child Tax Credit! Eligible taxpayers with qualifying children may be able to reduce your federal income tax by up to $1,000 for..

Eight Facts about New IRS Form 8949 and Schedule D The IRS has a new form taxpayers must use to report most capital gains and losses from..