Scary IRS Notices

Posted by on Jun 9, 2017 in Blog | 0 comments

No one likes getting mail from the IRS. In recent balance due notices sent by the IRS they are including a paragraph that says at the top in BOLD letters. Denial or Revocation of United States passport.  In December of 2015 congress passed the FAST act which includes a provision allowing for the revocation of a passport for a person with seriously delinquent tax debt.  There are various conditions that need to be met in order to meet the...

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Former Congresswoman convicted of tax fraud

Posted by on May 12, 2017 in Blog | 0 comments

Corrine Brown, who had represented her district in Florida for nearly 25 years, has been convicted of tax fraud and other charges in connection with a “charity” allegedly set up to provide scholarships to underprivileged youth.  Out of more than 800,000 raised for the “charity”, one scholarship was awarded of $1,200.  Large amounts of the donations were deposited into her personal accounts and those of her associates....

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Tax break for pet owners?

Posted by on Mar 20, 2017 in Blog | 0 comments

I can’t tell you how many times over the years I have been asked if veterinary costs are deductible for your pets.  Well, a bill has now been introduced in California that would give a tax credit of 50% of costs for vet bills for your pet cat or dog.  AB 942 was introduced last month.  Roads and bridges all over the state are crumbling from the recent storm damage, the state is facing severe funding shortages for pensions but at least...

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Don’t believe everything you hear.

Posted by on Mar 5, 2017 in Blog | 2 comments

This morning I was listening to a home improvement show on the radio and they spent several minutes explaining various tax credits available for doing certain home improvement projects related to energy efficiency.  Just one problem.  All of those credits expired on December 31, 2016.  There is still a credit available for installing solar systems, but the remainder of the energy related credits for hvac, insulation, windows etc. no longer...

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Trumps tax returns

Posted by on Feb 14, 2017 in Blog | 0 comments

It seems that there is a certain group of people obsessed with the idea of obtaining Donald Trumps tax returns.  This group seems to have been reanimated last week when Rep Bill Pascrell (D-N.J.) wrote a letter to the chairman of the House Ways and Means Committee requesting that they use their authority to request Trumps returns and review them for potential conflicts of interest.  I have seen several articles claiming that congress has the...

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