Archives for Taxes
Back-to-School Sales Tax Holiday
Did you know that in some states you can avoid the malls and get the tax-free items for your back to school purchases online? We found this out from a…
Calculate if you pay a lower tax rate than millionaires
That big day in April is lurking around the corner and no it is not April 13th it is the day you pay your dues to the IRS. If you…
How Long Should I Keep Records
As a question that comes up constantly, these are the definitions per the IRS which will hopefully clarify questions you may have. The period of limitations is the time in…
Tracking Your “Outside of the Office” Expenses
There are four major areas that you should always keep accurate tracking of your outside expenses, which include: travel, entertainment, gifts, and transportation. Below is a synopsis from Publication…
Let’s Hear It For Camp Winnebucca!
You can claim the cost of your child's summer camp as a dependent care expense if: the camp is essentially providing child care so that you and your spouse can…
Why you should donate early and donate often
It's amazing the amount of clutter we collect, and with the change in the economic conditions and the frugality everyone has been dealing with for the past 2 years, however…
4 requirements for the home office deduction
If you use a portion of your home for business purposes, the option of a home office deduction is available meeting specific requirements as stated by the IRS. 1. The…
The Gay Tax Shelter: Exploiting IRS Non-Recognition of Gay Marriage to Save Money
Gideon Alper publishes the Gay Couples Law Blog. The blog discusses new developments in same sex family law and estate planning. He lives in Atlanta, Georgia, and you can email…
Is Your Hobby Really a Business?
Most all businesses were hobbies at one point or another, but the question becomes where does it draw the line? According to the IRS. Section 183 (the hobby loss…
Making sure it all adds up
The IRS will be holding a series of public discussions for input on establishing standards for tax preparers. It's about time, I say. July 14, 2009: The Internal Revenue Service…