Fraudulent Form 1099s
Here’s a true story from the IRS. To put the story in context, we are putting you in the driver’s [...]
Tax Deductions for Sponsoring a Sports Team
Have you wondered what it takes to deduct the costs of sponsoring a sports team? What if you play on [...]
Keep Track of Your Odometer to Claim Business Mileage
Do you claim your business miles at the IRS optional rate? If so, imagine you are now being audited by [...]
Go to EFTPS to Check if the IRS Received Your Money
Is your last payment of payroll taxes in the hands of the IRS or in the hands of an embezzler? [...]
Keeping a Good Tax Records Will Save You From IRS – Home Improvement
We are sure there are many parts of the tax code that you don’t like, particularly the parts where you [...]
Purchasing Your Leased Vehicle For Business Is Beneficial
Before the Tax Cuts and Jobs Act (TCJA), your purchase of the vehicle you were leasing did not qualify for [...]
Beware of Dishonest Tax Preparers
Here’s a rule: Protect yourself. Do not engage dishonest tax preparers. And here’s a story that we want you to [...]
Property Improvements Under the New Tax Law
Qualified improvement property is any improvement to the interior portion of a building that is nonresidential real property (think office [...]
Deducting Medicare Reimbursements to Your Employees
The Affordable Care Act’s $100-a-day penalty for improper medical reimbursements likely has your attention. And it should. But you can [...]
Tax Deduction for Classic or Antique Car Used for Business
How does the tax law treat the classic or antique car when you use it for business? Can you deduct [...]