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Commonly Overlooked Tax Deductions
Top Takeaways 1: Do not forget miles driven for charitable and medical purposes Many people know about the ability to deduct medical and dental expense paid and also charitable donations made, but often overlooked
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Home Office Deduction
Top Takeaways 1: You can deduct home office deduction To qualify for the deduction, part of your home must be used regularly and exclusively for your trade or business. To be regularly used means
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Special Valentine’s Day Gift for Itemized Deductions
Top Takeaways 1: Itemized returns cannot be filed until February 14th Recently the IRS announced that it would need extra time to reprogram its processing systems to match up with new tax laws, and
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Manufacturing 199 Deduction
Top Takeaways 1: The Domestic Manufacturing Deduction Allows a Deduction up to 9% of Net Income The 9% deduction a company can take equals a percentage of the net income from eligible activities. However,
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Real Estate Tax Deductions in California
Did you know that not all real estate taxes are deductible in California? A copy of your property tax bill will tell you which are and which are not. According to the state Franchise
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2011 Year End Charitable Giving
If you are thinking about making a year-end contribution to a charity, there are several important tax provisions that have taken effect over recent years. For one, there is a provision that is scheduled
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