Tax Issues

Uncle Sam is Knocking...and He's Getting Louder

What most Americans don’t know is that, to a certain extent, taxes are voluntary. A small business owner has 171 deductions available to him. Did you know the average business owner only takes 23 of these deductions?

Tax Season

Tax season is in full swing and for once, there is some good news. The good news is that, due to the Washington D.C.Emancipation Day paid holiday, you have until April 18th this year to file unless you file an extension. The bad news is you still have to file. So in keeping with that...

Are You Giving Your Money Away?

Taxes!  Uncle Sam comes knocking every year. And for some of us, Uncle Sam will even come knocking on our grave. I have met people in my life that don’t mind Uncle Sam. They feel it is their American duty to pay their full share of taxes. I don’t disagree that it is my duty to pay my share of taxes as an American, but the tax code was written with much intricacy to promote education, domestic business, non-profit support and retirement funding. Believe it or not, Uncle Sam would rather you spend your dollars in one of these areas than pay him...

Did Your Taxes Go Up?

Don’t feel alone. You don’t have to be a search engine whiz to discover that 77% of Americans saw their taxes increase in 2013 (the most recent tax data available). To add insult to injury, it hasn’t stopped therefor many of us. Itemized deductions are disappearing, we have two new taxes to fund Obamacare and increase Medicare support…

Tax Identity Fraud

The threat of identity theft was already bad enough, yet now we even have to worry about it when filing our taxes: The latest news from the IRS, released on August 17th, reported that thieves used personal information acquired elsewhere to access IRS website tax records and actually succeeded in about 220,000 cases. (It is interesting to note...