President Obama has proposed that U.S.-based companies pay a one-time 14% tax on the overseas earnings that they have accumulated. It is estimated that U.S. firms have stockpiled about $2 [...]
On the suggestion of one of my clients, here’s an article relating to tax return identity theft. As you may know, identity theft is one of the fastest growing crimes nationwide. Tax refund [...]
If you’re shopping for a getaway, you may have considered a timeshare, an arrangement that generally gives you the right to stay at a certain property for a specified amount of time each year. If [...]
Have dreams of hitting the lottery big? If so, you should understand that gambling winnings are fully taxable and must be reported as income on your tax return. This article from Money Matters [...]
As a CPA who has been in the business for over twenty five years, I have heard my share of highly questionable and strange deductions that my clients wanted to claim on their tax returns. It has [...]