Blog Archives

Biggest Audit Risk on your personal return: Schedule C

Are you earning wages at a regular job and find you are incurring substantial out of pocket costs?  These costs are to be expensed on Schedule A as unreimbursed employee expenses.  However, if you don’t itemize –using Schedule A –

Posted in Things You Need To Know

Meals, Entertainment, Travel Expenses

Are you aware of the documentation requirements you will need to provide to an IRS auditor to support your deductions for meals, entertainment and/or travel expenses?   Now that government agencies are hurting for money, they are tight-fisted when it comes

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Increased Tax Rates

Are you aware that for 2013 tax rates have significantly increased. If you are one of the lucky people earning $250,000 or more, you need to be cognizant of the thresholds of income earned as well as investment income you

Posted in Things You Need To Know