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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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3 Reasons a Married Couple Should Consider Filing Separate Income Tax Returns

Posted in Tax News on December 24, 2010

Most married couples file their income tax returns jointly.  However, married couples have an option—they can file married filing jointly or married filing separately.  Married couples can change their filing status from year to year.  The only requirement is that…

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