July 1, 2018

In a recent tax court case, "Edwards, T.C. Memo. 2018-44," the court determined that taxpayers are now required to keep a contemporaneous mileage log in order to deduct their business miles.

The details of the case can be found here.

I thought you might want to know abou...

June 1, 2018

Statistically, the average person moves every seven years.  So the rules regarding the sale of residence should be familiar, but I've found that often people remember rules that were in place in the last century!

The following is a general review of the current guidelin...

May 1, 2018

A quick reminder regarding the importance of your credit report – your credit rating can affect qualifying for a loan and the interest rate and terms you will be offered; and, a negative report can be cause for higher interest rates and even the rejection of an applica...

April 1, 2018

Many of you who have to take Required Minimum Distributions (RMDs) should consider making your charitable donations directly from your IRA.

For the past several years you have been able to do this, but it's never been a huge tax benefit.  That was, until now.

Now that th...

March 1, 2018

Our federal and state taxation is based on a pay as you go system. Your employer withholds taxes from you paycheck and sends those dollars directly to the IRS and your state government.

If you are self employed, or if you have other forms of income that a...

February 5, 2018

The following is an article I thought you might find helpful in protecting you or your parents from fraud.  

Warning your aging Parents - Article at Forbes

February 1, 2018

There are a number of tax issues that seem to face our wealthier taxpayers.  Following are a list of these taxes.  Knowing these exist will help you understand better how to manage your taxes.

Phaseout of tax breaks:

As your income rises, you phase out on your itemi...

January 1, 2018

Consumer reports has a great article that I thought you might find useful.

It's titled "6 Easy Opt-Outs to Protect Your Privacy."  

I hope you find this useful.

Please see our Legal Statement.

November 2, 2017

Following are some articles that you may find useful in determining how the potential tax law may impact you.  Keep in mind that the final bill (if passed at all) may be significantly different.

Western CPE House and Senate proposed tax law changes.

Bloomberg comparison...

November 1, 2017

It’s the time of year to do year-end tax planning.  We offer tax planning services for our tax preparation clients.

Not everyone needs to have tax planning done, so let’s review when you should contact me.

First off, you should have a tax review anytime you have a major...

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