Posts Tagged ‘deductions’

Tax tips for starting a new business.

  • David Greene
  • Comments Off on Tax tips for starting a new business.

Everyone should be smart and think about preventing trouble instead of having to think about getting out of trouble.  Many owners of small businesses know how to make or sell their product, but do not know how to keep good…

When can one deduct unreimbursed employee expenses?

  • David Greene
  • Comments Off on When can one deduct unreimbursed employee expenses?

Prior to 2017, if a W-2 employee had business expenses related to his employment that his employer did not reimburse, he could take a deduction for those expenses.  However, the Tax Cuts and Jobs Act of 2017 eliminated those deductions…

What are some tax advantages for school?

  • David Greene
  • Comments Off on What are some tax advantages for school?

Here are some school related tax tips. (1) Although private school tuition is not deductible, the child care component of the tuition is deductible for kids under 13. (2) Also for kids under 13, before and after school care may…

What can one do to avoid an audit?

  • David Greene
  • Comments Off on What can one do to avoid an audit?

I often get asked this question just after tax season.  There is nothing you can do to guarantee that you will never be audited.  However, by following three simple rules, you can minimize your chances of being audited and, if…

Do I need to report the sale of stock on my tax return?

  • David Greene
  • Comments Off on Do I need to report the sale of stock on my tax return?

The short and simple answer is yes. When you purchase stock or any type of security, you are doing so with the money you have earned after taxes. This type of investment creates a basis in the new asset you have acquired….

Does using a paid tax preparer guarantee a correct return?

  • David Greene
  • Comments Off on Does using a paid tax preparer guarantee a correct return?

Unfortunately, the answer is “no.”  Many preparers make mistakes from time to time for various reasons on both personal and corporate returns.  In fact, the IRS recently released a study that found that 71% of S corporations who used paid…

Mistakes In Tax Return Preparation (Part 2)

  • David Greene
  • Comments Off on Mistakes In Tax Return Preparation (Part 2)

Recently I stated that I can think of ten mistakes that are most often made when preparing a tax return. In that blog I listed 5 and in this blog I will tell you the remainder. Here they are: (6)…

Page 1of 9: 1 2 3 ... 9

Office Location

11 McGee Street
Greenville, SC 29601

Phone: (864) 271-7940
Fax: (864) 370-3413
Toll Free: 1-800-216-1116