Home Office Deduction Alternative

Deducting your home office is usually a debated expense to take on your tax return.  You may be reluctant to take this deduction because you did not keep good business records to claim the deduction.  Recently, the IRS announced an optional safe harbor method for determining your home office deduction.   If the safe harbor method is used, you are not required to keep records.  Continue reading…


Tax Help Question – Receiving 1099-R Late

Question: My taxes are still straightforward and I processed them online again just a couple days ago…all was good, until my previous employer finally just sent me my 1099-R in the mail in regards to the 401k contributions.  Because I already submitted everything, this was not accounted for…is that going to be a problem?  Or is there a way to add this?

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Tax Preparer Due Diligence

Your tax return was selected for audit.  The auditor reviewed your information and disallowed some of your deductions.  As a result, you owe additional taxes including penalties and interest.  How could this happen?  You been using a trusted CPA for years to prepare your tax returns.

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Tax Question – Levy Due to Student Loan

Question:  I filed my taxes this year and the next thing I know they took my tax for a federal student loan with out any warning. I never revived any letter that they were going to take my taxes garnishment any wages or anything they just took it with out any notification. Is there any thing I can do about this or do they have the right to do this to me a signal parent of there boys on ssi and i was going to use that to put a roof over our head? Please give me any input that you can please.

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