Taxation

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 [...]

In the name of bipartisanship President Obama, in his State of the Union address, has proposed $320 billion in new tax increases. I’m sure you’ve detected my sarcasm. Obviously most, [...]

By Steve Barlotta, CPA As the end of the year quickly approaches, now is the time to review your 2014 income and expenses and consider some year-end tax moves. Some sound tax planning strategies [...]

By Steve Barlotta, CPA As the end of the year quickly approaches, now is the time to review your 2014 income and expenses and consider some year-end tax moves. Some sound tax planning strategies [...]

  This week the Internal Revenue Service issued the 2015 optional standard mileage rates used to calculate the deductible costs of operating autos for business, charitable, medical or moving [...]

Many small businesses not offering group health plans have reimbursed their employees for individual policies, or for coverage purchased on the recently formed Obamacare exchanges. Some companies [...]

If you or a member of your household is a college student or returned to school for additional training in the past year, there are important tax considerations to discuss with your CPA as you [...]

If you own or have signature authority over an overseas bank or financial account, there’s a good possibility that you need to disclose this information annually to the Internal Revenue [...]

I hear it just about every day from my clients how they can’t stand paying taxes and how our country’s system of taxation is complex and, in some cases, unfair. I can’t say I [...]