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Pension Plan Limitations
The Internal Revenue Service has announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2017.
Read MoreOptional Standard Mileage Rates For This Year
The standard mileage rate for business is based on an annual study of the fixed and variable costs of operating an automobile including depreciation, insurance, repairs, tires, maintenance, gas and oil.
Read MoreFive Reasons Not To Convert to a Roth IRA
Conversions have been around since 1998, but until 2010, only taxpayers with modified adjusted gross income of $100,000 or less were eligible to do them.
Read MoreKeeping Records
The length of time you should keep a document depends on the action, expense, or event which the document records.
Read MoreIRS Audit – Solved!
My client received a letter informing him of an upcoming audit. IRS computers regularly output massive amounts of data from the returns people submit and a random number of them are selected for actual audits.
Read MoreBack Taxes – Reduced!
One of the most serious issues that I helped with this year was the accumulation of a vast amount in tax, penalties, and interest due for my client failing to submit tax returns for 2 previous years.
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