IRS & Tax in the News

Tax Deduction / Minimization Tips

Real Estate Investor Webinar (Download)

If you missed my webinar for real estate investors and professionals earlier this month, here is a link for you to listen at your leisure:

Another Real Estate Professional Beats IRS in Tax Court!

A Nice Tax Win for Real Estate Investors!   Another Real Estate professional beats IRS in Tax Court!  The IRS is not, contrary to popular belief, invincible.  Given that I often speak and write about [...]

Tax Implications of Divorce

Some Tax Implications of Divorce (2017) There are many potential tax implications of divorce in the United States.  This article points out a few very general tax considerations to keep in mind.  However, all tax/legal [...]

Personal Tax Planning|

Do you have the Right Tax Return Preparer?

Do you have the Right Tax Return Preparer?                               AND How do you find the right tax return preparer? Compatible with [...]

Tax Tips for Gifts to Charities

Tax Tips for Gifts to Charity It is likely that you make donations to various charities throughout the year.  Make sure that you get credit for these donations when Tax Day arrives.  Here are a [...]

Tax Savings|

IRS Dirty Dozen For 2017: Tax Scams to Avoid

Every year, the IRS posts its version of the "Dirty Dozen"- the 12 most prevalent tax scams out there for the year.  Following/implementing any of these scams is a sure way to trouble with the [...]

IRS Highlights Important 2016 Tax Changes

In Fact Sheet 2017-1, the IRS has highlighted some of the important 2016 tax changes that affect the current filing season. These include: Three extra days to file and pay. Taxpayers will have until Tuesday, [...]

Beware the IRA Tax Traps: UBTI

Potential Taxes in Your IRA:  UBTI Many IRA owners believe that all investment and other income earned in their IRA will not generate any current income tax bill.  This is not correct.  There [...]

Retirement Planning|

Access Retirement Funds Without Penalty

IRA Tax Planning - Exceptions to 10% Tax on Early Distributions The following article and chart are courtesy of the IRS but offer a nice analysis of the options available to avoiding any extra [...]

Retirement Planning|

IRS Warns of Tax Scams

IRS Wraps Up the "Dirty Dozen" List of Tax Scams for 2016 IR-2016-29, Feb. 19, 2016 WASHINGTON — The Internal Revenue Service today wrapped up its annual "Dirty Dozen" list of tax scams with identity [...]