tax-scams

Tax Scams – How to Protect Yourself

There are many tax scams out there with the purpose of stealing your identity, stealing your money, or filing fraudulent tax returns using your private information. Tax scammers work year-round, not just during tax season and target virtually everyone. Stay alert to the ways criminals pose as the IRS to trick you out of your […]

IRS Cash Payment

IRS Offers New Cash Payment Option

Cross References • IR-2016-56, April 6, 2016 The Internal Revenue Service has announced a new payment option for individual taxpayers who need to pay their taxes with cash. In partnership with ACI Worldwide’s OfficialPayments.com and the PayNearMe Company, individuals can now make a payment without the need of a bank account or credit card at […]

IRS Horse Racing

Horse Racing Activity Not a Hobby

Cross References • Roberts, 7th Circuit Court of Appeals, April 15, 2016 • T.C. Memo. 2014-74 • IRC §183 The Tax Court ruled a taxpayer was not engaged in a race horse activity for profit and therefore disallowed losses used to offset other income. The 7th Circuit Court of Appeals recently reversed that ruling. The taxpayer […]

European Union Flag

The British Are Leaving! Why the Brexit Matters to Investors

On June 23, citizens of the United Kingdom (England, Scotland, Wales, and Northern Ireland) voted to leave the European Union by a margin of 52% to 48%.1 Though pre-election polls suggested that public opinion was evenly divided, when the election results became clear, financial markets around the world reacted swiftly to concerns about potential economic ramifications […]

Get The Most Value Of An Outsourced Bookkeeper

If you own a business it is vital to keep the accounts current. You must also make sure to meet important deadlines. Business owners need to understand the value of an outsourced bookkeeper. The bookkeeper can do so much for your company. It is important that you keep open communicate with your bookkeeper so you […]

Debt Advice To Get You Out Of Debt Fast

It isn’t an uncommon thing for a family to find themselves in a large amount of debt with no end in sight. It is easier than ever now to get into a debt trap or lose control of how you spend your money. If you find that you are having difficulty paying your monthly bills […]