by Bill Houston | Jan 17, 2020 | Business Deductions, Uncategorized
A home office can eliminate the ‘commuting’ portion of your trip, adding additional deductible business miles each day. Is it worth it? You bet. An additional 30 mile round trip can add up to over 4000 additional deductible business miles a year worth...
by Bill Houston | Aug 14, 2019 | Cryptocurrency, Uncategorized
As part of it’s outreach efforts, the IRS is sending letters to some clients with virtual currency transactions advising them of potential failure to report income and pay taxes resulting from currency transactions or advising that transactions may have been...
by Bill Houston | Nov 3, 2016 | Business Deductions, Uncategorized
Owning a business often allows you to move what would otherwise be personal expenses into the business category. But many under use the deductions available to them. The most common one is the home office deduction. This is actually well known but many hesitate to...
by Bill Houston | Jul 14, 2016 | Uncategorized
You may now have a chance to have your complaints about the IRS heard by a self-styled watchdog group that is trying to independently audit the IRS with the help of taxpayers. The Tax Revolution Institute— a Washington, D.C.-based nonprofit that says it wants to...
by Bill Houston | May 31, 2016 | Uncategorized
We all know there are a lot of scammers committing tax fraud. The IRS reports that $3.1 billion in fraudulent refunds were issued during the filing season in 2014. The IRS has stated that they need to be ahead of the scammers in order to stop the fraud. The plan...
by Bill Houston | May 26, 2016 | Uncategorized
NEWLYWED CHECK LIST If one of you has taken on a new name, notify the Social Security Administration right away. You can do that by filing Form SS-5, Application for a Social Security Card (website is www.ssa.gov).. When you file your taxes, if the name on the tax...
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