Description: Topics discussed: Beware of fake IRS agents. How to make your Halloween candy tax deductible. How to make your clothing and Halloween costumes tax deductible.
CPA’s and other professional tax return preparers are bound to the IRS Code Of Professional Responsibility commonly called Circular 230 which if a tax preparer violates could lead to big penalties and sanctions for that tax preparer. What penalties could tax preparers face? A tax preparer who is in violation of these rules could be […]
Jeffrey B. Kahn, Esq. Discusses Taxes On ESPN Radio – October 24, 2014 Show Topics Covered: 1. Horror stories of people pretending to be the IRS and stealing your identity or scamming you for your money. 2. What to look out for and how to protect yourself from the IRS scam artists. 3. How to […]
Now when I think of Halloween, I look forward to seeing all of the different costumes that people wear. Some are very extravagant and I am sure pricey. And for some they would like to know how that can be deductible. Since costumes fall under the category of clothing or uniforms, you need to be […]
You can in fact deduct Halloween candy if you figure out a way to make it business related. The IRS doesn’t say a lot about this topic because they don’t want to give you “permission” to deduct these items, but they also have not specifically stated that you cannot deduct Halloween candy. Here are five […]
With Halloween coming up, it is just not the neighbor kids looking forward to trick or treat but also people pretending that they are the Internal Revenue Service looking to steal your identity and scam you for your money. The scam artists exploiting innocent law-abiding taxpayers has been a big problem for the IRS and […]
With Halloween coming up, it is just not the neighbor kids looking forward to trick or treat but also people pretending that they are the Internal Revenue Service looking to steal your identity and scam you for your money. Listen to the story of Arati who works in New York City and immigrated to the […]
Topics Covered: 1. Tax Time – Why we pay. 2. Top Tax Write-Offs That Could Get You In Trouble With The IRS – Part 1: Travel Expenses, Cell Phones, Home Office Deduction and Home Computers. 3. Top Tax Write-Offs That Could Get You In Trouble With The IRS – Part 2: Personal Expenses, Guard Dogs, […]
It began with an earthquake. What hit San Francisco in 1906 was one of the worst natural disasters in American history. Once the water mains broke, there was no way to fight the dozens of fires caused by ruptured gas mains, except by dynamiting buildings in the fire’s path, which made things worse. People raced […]
A new revenue procedure makes it easier for taxpayers who hold interests in certain Canadian retirement plans to get favorable U.S. tax treatment. On October 7, 2014, the IRS made it easier for taxpayers who hold interests in certain popular Canadian retirement plans to get favorable U.S. tax treatment. Rev. Proc. 2014-55. As a result […]
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