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The IRS is NOT Always Right

The IRS is NOT Always Right

Think twice about automatically paying the amount due on a notice Here are several quotes from actual IRS correspondence that serves as evidence that our national tax collection agency is not always right: Thank you for your correspondence. We currently do not have a...
Your Home is a Bundle of Tax Benefits

Your Home is a Bundle of Tax Benefits

There are many tax benefits built into home ownership. Here is a review of the most common. The home gain exclusion. When you sell an asset for a profit, it creates a taxable event. If the asset, though, is your primary residence, you can exclude up to $250,000...
Common Situations that Require a Tax Review

Common Situations that Require a Tax Review

Taxes can affect many areas of your life. Here are some common situations when you’ll want to schedule a tax review. Something changed in your life. A change in your life could mean significant changes in your tax status. Some of these changes include:Getting...