Blog Archives

4 Easy Ways to Start Your 2013 Tax Planning and Save Money

The New Year’s celebrations are over.   The New Year’s Resolutions are starting. We’ll see how long they last.   Many people feel income taxes are going up. I’m confident they are for the higher income earners.


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Why the Fiscal Cliff is Fiscally Irresponsible

  The Federal Government and the country are set to go off the Fiscal Cliff on New Year’s Day.   The term Fiscal Cliff refers to number of laws that if they remain unchanged, could result in significant tax increases


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8 Reasons You Will Pay More Taxes in 2013…Guaranteed

  1) Increase in Ordinary Income Tax Rates The highest ordinary income tax rate is 35%.  This is scheduled to go up to 39.6%  


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Fifty Shades of Tax Deductions

No Fifty Shades of Grey here.  Here are Fifty Black and White Tax Deductions and Credits. 1) Standard Deduction – Taxpayers can take the higher of the Standard Deduction or their Itemized Deductions. 2) Medical Expenses 3) Medical Miles –


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When (and How) to Declare the Sale of Your Primary Residence

Recently a new client came to us.  The Internal Revenue Service (“IRS”) was looking for $262,532 in back taxes.  This was from the sale of their home two years ago. Form 1099-S Reporting Requirements Attorneys that handle real estate closings


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