Category Archives: Previous Newsletters

Did you know… That the IRS requires documentation for charitable contributions

The law requires that you have a receipt, letter, or other written communication from the charity documenting all charitable contributions made in cash. For all individual donations of $250 or more, the law requires a receipt from the charity to … Continue reading

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Did you know… You can send us your tax documents through your portal

Using your secure portal to send us your supporting tax documents will save you time and money. You can avoid the time it takes to drive your materials to our office, or the money it costs to mail them to … Continue reading

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What are your chances for being audited? [Part 2 of 3]

Interesting facts from the IRS Number of returns filed: From FY 2009 to FY 2010, the number of partnership returns filed dropped by 1.6%, and the number of S corporation grew by .3%. The number of C corporations returns dropped … Continue reading

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What are your chances of being audited? [Part 1 of 3]

Your income tax return has been prepared, it’s been properly filed with the IRS, and now you are waiting. You’re not just waiting for a tax refund, you’re  waiting to see if you’re going to be involved in a tax … Continue reading

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Business Question: Home Office Deduction

Q: I have a room in my house that I often use for business purposes. Can I claim the home office deduction? A: This is highly scrutinized The home office deduction is one of the most misunderstood business deductions. Many … Continue reading

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What are your chances for being audited? [Part 3 of 3]

Ways to avoid a tax audit With over 140 million tax returns to sift through, the IRS relies on automation to help them raise a “red flag” when something on a tax return looks suspicious. Almost all the precautions you … Continue reading

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