Summertime Tax Tip #2: Pocket Key Tax Breaks for Vacation Home Rentals

May 11, 2014 

Summertime Tax Tip #2: Pocket Key Tax Breaks for Vacation Home Rentals

If a client owns a “vacation home” in a resort area – say, a seaside cottage or a mountaintop cabin – the family may enjoy getaways there during the summer months. But when the kids grow up and the trip becomes a hassle, the place may lie dormant for much of the season. It could…

 IRS Releases 2014 Form W-2

May 8, 2014 

IRS Releases 2014 Form W-2

The IRS recently released new tax forms for Tax Year 2014, for which individuals will file by April 15, 2015.

 Bitcoin Goes Legit

May 8, 2014 

Bitcoin Goes Legit

One of the leading developers of online sales and use tax automation software has developed the first such system to support bitcoin and other virtual online currencies.

Isaac M. O'Bannon

 Charitable Giving to Nonprofits Drops

May 7, 2014 

Charitable Giving to Nonprofits Drops

A quarterly report on the amount that Americans donate to nonprofits shows a decrease in the first quarter of the year, following several months in which the giving rate had seen increases.

 Report Shows Odds of Facing an IRS Audit for Individuals, Businesses

May 5, 2014 

Report Shows Odds of Facing an IRS Audit for Individuals, Businesses

Although the actual risk is very low that most Americans will face an IRS audit of their taxes, the fear of that potential is a strong factor that keeps most taxpayers on the level, according to a new report from WalletHub, a financial management and information website for consumers.