Understand what the Fiscal Cliff is, as well as what tax increases are expected and spending cuts. What you don't know is that 80% of the reduction in… Read More
One thing that is changing over the last few years is that more Americans are giving up their US citizenship. This trend coincides with not only relatively recent… Read More
President Obama plans to make a few major changes to the tax code in his second term as President of the United States. The basis of Obama's plan… Read More
Mitt Romney proposes to make the Federal tax code fairer, flatter, and simpler if he is elected President of the United States. His tax proposal has come under much… Read More
Even though the new year is still five months away, it’s never too soon to start planning ahead for your taxes (see updated post on tax changes from… Read More
On May 21 of this year, the Internal Revenue Service expanded its Fresh Start plan. The plan supplements the Offer in Compromise (OIC) program that makes it possible… Read More
When tax time is looming, Benjamin Franklin’s famous quote about death and taxes is often mentioned. His “Nothing is certain except death and taxes” quote is one of… Read More
If you’ve been doing your research on tax credits and deductions, some of the sources that you've come across might mention that you’ll want to watch out for… Read More
The 2012 IRS mileage rates (2013 IRS mileage rates) vary depending on whether you are claiming mileage for business travel, moving expenses, charitable work or medical-related traveling. Each… Read More
If you experienced damages and losses as a result of Hurricane Irene, you may be able to take tax deductions at tax time to help offset the expense.… Read More