Need general information about tax law? When taxpayers write the IRS with general tax questions, the IRS National Office provides an information letter.
... Read This PostDecisions — Counting the days
All good things must end, including the amount of time the IRS is allowed to assess tax.
... Read This PostDecisions — What they signed up for
Remember that last contract you signed? Are you sure you know what you signed up for?
... Read This PostDecisions — Incoming Gift
Pastors get by with a little help from parishioners. But is that help a gift? Or taxable income?
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Definition – A whale of a breach
Once more into the breach… The security breach of an Equifax online dispute portal from May to July 2017 was a whopper.
... Read This PostDefinition — Collecting the debt
Have you heard about the guy who walked into an accounts receivable department to pay a compliment?
... Read This PostDefinition – A record in hand is worth a deduction
When you give, you get. That's true in the case of tax deductions for charitable contributions too, as long as you have records.
... Read This PostDefinition — Losing the deduction
One casualty of the December 2017 federal tax law was the personal casualty and theft loss deduction.
... Read This PostDefinition — Stirring up the salt
Are you watching your sodium levels by limiting your salt intake? The IRS says the time has come to limit the SALT on your tax return too.
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