For those who travel for their job, the solution to your shoebox full of receipts just got a little sweeter. The IRS allows standard reimbursement amounts for travel, Per Diem,…
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The IRS is reversing course on the mortgage interest deduction for high value mortgages. Some IRS auditors had taken the position that if acquisition debt on a home was more…
The American Recovery and Reinvestment Act (Recovery Act), enacted earlier this year, expanded two home energy tax credits: the nonbusiness energy property credit and the residential energy efficient property credit. …
According to the Mortgage Bankers Association, 1 out of every 200 homes will be foreclosed upon. In an effort toward reducing foreclosure tax consequences associated with the cancellation of debt…
Another deadline has come and gone. Perhaps many out there have not yet filed their income tax return because you know you have a substantial balance due to the IRS…
The Work Opportunity Tax Credit is a tax credit that you can receive for hiring workers belonging to targeted groups. These groups include veterans, ex-felons, food stamp recipients, social security…
After years of studying Scripture, Hebrew, Greek, history, theology, and a wide variety of other spiritual subjects, clergy members sometimes find that they could have used a business tax course…
If you are a solvent taxpayer facing foreclosure on a property, you might be surprised to find yourself also owing taxes as a result of the foreclosure. In some circumstances,…
Roth IRAs are a great way to save for a tax-free retirement. When you reach retirement age and take money out of your Roth IRA account, you don’t pay income…
If you are forced to file bankruptcy there are certain assets your creditors cannot normally touch. Typically, your IRA is one of those protected assets. It may now be necessary ensure…
