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Tom Scanlon's Interview with Steve Pedneault of Forensic Accounting Services, LLC in Glastonbury, CT

Posted in Tax News on September 14, 2011

How long have you been in business and how did you get started? My experience relating to criminal justice started when I was fourteen as a member of an organization affiliated with a local police department.   I continued my education…

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The 5 Most Common Itemized Deductions

Posted in Tax News on September 8, 2011

Mortgage Interest—Many taxpayers can deduct their mortgage interest on their residence.  However, there is a limitation on this.  The interest on a primary residence can only be deducted on up to $1,000,000 mortgage and $100,000 line of credit.  Points paid…

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How to Claim a Casualty Loss on Your Income Tax Return

Posted in Tax News on September 1, 2011

Hurricane Irene hit the eastern coastline hard this past weekend.  In the south, Irene was originally designated as a “Category 3” hurricane.  The highest rating and most violent is a Category 5.  Irene was subsequently downgraded to a Category 1. …

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Tom Scanlon's Interview with Keith Beaulieu from The Main Pub in Manchester CT

Posted in Tax News on August 25, 2011

How long have you been in business and how did you get started? The Main Pub has been in business for 31 years and we got started when my father turned a one room “Gin Mill” into a full service…

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Can You Take Any Tax Breaks From That Vacation?

Posted in Tax News on August 17, 2011

Let’s say you want to combine a vacation with your business travel and possibly deduct a few expenses on your tax return.  Can you do this and not have the IRS look unfavorably at these deductions.  Yes, some business travel…

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