Income Tax

Donald Trump Income Taxes

August 29, 2016 

Democrats Push Harder to Get Trump’s Tax Information

With about two months left before the presidential election, Republican nominee Donald Trump still hasn’t made his tax returns available to the general public. And it doesn’t look like the billionaire is going to do it anytime soon or even before voters g

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August 18, 2016 

Fraud Examples Demonstrate Need for RIVIO Clearinghouse

The new RIVIO Clearinghouse (see accompanying article) is a solution to a problem of financial hijinks with which you might not be familiar. After all, most CPAs perform their services ethically and expect their clients to represent their financial ...

Gail Perry

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August 18, 2016 

Back to School Tax Tips for 2016

As the final weeks of summer tick away, back-to-school sales are ramping up and it's time to think about getting those kids back in the classroom. It's also a good time to think about a variety of tax breaks and deductions available for qualifying ...

Isaac M. O'Bannon

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August 10, 2016 

Casualty Loss Deduction Collapses in Tax Court

Suppose that your personal residence is substantially damaged and will cost you tens of thousands of dollars to fix. Is the repair cost deductible on your tax return as a casualty loss? It doesn’t always seem fair, but it depends on whether the ...

 Unmarried Homeowners Get Double Tax Deduction

August 8, 2016 

Unmarried Homeowners Get Double Tax Deduction

Normally, you can deduct the full amount of mortgage interest you’re required to pay on your principal residence and one other home such as a vacation home. But sometimes you might bump up against these two tax law limits, especially if you’re a ...

 Back to School Tax Tips

July 26, 2016 

Back to School Tax Tips

As the final weeks of summer tick away, back-to-school sales are ramping up and it's time to think about getting those kids back in the classroom. It's also a good time to think about a variety of tax breaks and deductions available for qualifying ...

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July 21, 2016 

Good News, Bad News on Student Loan Interest Deduction

The bad news is, if you are paying more than $2.5k per year in student loan interest, the excess is not deductible and cannot be carried forward. Also, if you are making more than $65k per year, the deduction begins to phase out, and if you are making ...