After my last post, I decided there was a little more information you might need regarding how an IRS audit might be triggered.
The IRS has 3 databases – The Individual Master File, the Individual Return Master File and the Automated Under Reporting System. By combining data from these three
Imagine you go to your mailbox and surprise, surprise you find a letter from THE IRS! They are asking you to visit them for a few hours and oh, by the way, bring your last 3 years of tax returns and every receipt or document that supports the deductions
Here are 3 Ideas that you can use to save on your taxes this upcoming tax season.
1. Consult your investment advisor regarding selling any stocks that have lost money this year. You can use the losses to reduce your tax liability.
2. Purchase qualifying energy-star compliant doors, windows
Did you know that the tax laws could help you pay for Private School?
Well, not directly, but almost.
Last week, we talked about tax planning and how, if properly done, could save you, the business owner, thousands of dollars. We also talked about choosing the right business entity from which to
“The best any tax preparer can do is know the code and take your receipts can get the income and deduction in the proper place based on what you did during the year.”