Clinton Taxes 1040 57179ca67a663

April 20, 2016 

Clintons Paid More Than 35% Effective Tax Rate

The former Secretary of State and New York Senator, who has been living in a fish bowl since her husband Bill became governor of Arkansas and ascended to the presidency, recently released copies of her joint tax returns for the last eight years.

OBAMA 2545622b 1  57168a660bf27

April 19, 2016 

Obamas Release Tax Returns, Pay Less Tax

The Obamas claimed claiming more than $145,000 in itemized deductions on their 2015 return, including donations to charity such as the Fisher House Foundation, a longtime favorite. The couple is in line for a refund of almost $23,000.

us-income-tax-forms1_10849617

April 18, 2016 

Bill Would Simplify Income Tax Filing

The “Tax Filing Simplification Act of 2016” requires the IRS to develop a free service for filing tax returns directly with the federal government and prohibits the nation’s tax collection agency from entering into agreements restricting the use of ...

635919331396009275 Taxes 1  56fd4895e4c2f

April 18, 2016 

Sales Tax Record Keeping Requirements for Retailers

Clients who don’t adhere to state record keeping requirements run the risk of being penalized by auditors. The exact rules and penalties vary from state to state, but it is definitely in your clients’ best interests to stick to the letter of the law.

Ken Berry, JD

house for rent 1  5713d02d8e979

April 17, 2016 

A Quick Tax Fix for Vacation Home Rentals

The basic rules are as follows: The income you realize from a vacation home rental is generally taxable, but you can offset the tax liability with deductions for expenses attributable to rentals, including mortgage interest, property taxes, insurance ...

 Congress Wants More Control Over IRS

April 15, 2016 

Congress Wants More Control Over IRS

Congress may have more to say about how the IRS “runs its business” in upcoming years. Four new bills marked up and passed on April 13 by the Ways and Means Committee, the tax-law writing body of the House, would dictate IRS certain practices, if enacted.

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April 14, 2016 

Very Last Minute Tax Filing Tips

We can’t go back in time and start doing our taxes earlier, but perhaps we can look forward to the passing of the recently introduced Tax Filing Simplification Act of 2016, which promises to simplify and decrease the cost of filing our tax returns.

tax form 1  56fae4472fed2

April 12, 2016 

3 Income Tax Surprises and Their Warning Signs

Wouldn’t it be nice if our clients contacted us before making any type of financial transaction with a tax consequence? Unfortunately, many of us as tax advisors are out of sight, out of mind, and out of the loop most of the year, leaving our ...

Dave DuVal

 Avalara Announces Extension for Magento 2.0 Ecommerce Platform

April 12, 2016 

Avalara Announces Extension for Magento 2.0 Ecommerce Platform

Avalara has been integrated with Magento for five years, and was named a Magento Gold Partner in 2011. With this latest version of the Avalara extension for Magento 2.0, customers can seamlessly take advantage of Avalara’s Compliance Cloud platform ...