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I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.
I try to add tax blog articles weekly on tax topics that may be interesting to you. Please browse. If there is a topic you would like to see here or would like to more information on, please contact me.
If you owe back taxes and do not specify on your payment which tax and tax year you are paying, the IRS (and State and local agencies) can and often will allocate payment to their benefit. Case in point Melasky. Couple owed taxes for 2009 and earlier years. Couple hand delivered a check to the … Carefully Designate What is Being Paid . . .
Reminder, track those auto expenses. Every little bit adds up. There are two ways to calculate auto expenses: actual expense and mileage. Actual expense method includes auto maintenance cost, (oil changes, tire rotations etc), minor repairs (tires, windshield wipers, etc), auto insurance, personal property taxes, garage rent, gas, oil, fluids, depreciation, tolls, vehicle registration (tags) … Track that Mileage Expense!