What tax deductions may be disappearing soon?
- David Greene
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With the new Trump administration, we may lose some tax deductions that we’ve used in years past. Therefore you should be sure to take advantage of them this tax year in case they are not available next year. Some of…
Happy New Year
- David Greene
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I hope all of my readers had a very nice Christmas holiday and I hope you are looking forward to a New Year filled with hope and promise. To begin, I want to tell all my readers that the 2017…
What steps can you take to lower your taxes in 2017?
- David Greene
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There are several questions you can ask yourself when preparing for tax season. (1) For every personal expense you pay, ask “How can I legally deduct this?” If unsure, pass it along to your tax preparer. (2) If you own…
Here are some Back to School tax tips.
- David Greene
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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…
The IRS “Dirty Dozen” tax scams.
- David Greene
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Last week we talked about the first half of the IRS Dirty Dozen tax scams. Today I’ll list the last 6. 7. Fake Charities – Scammers pretend to be collecting money for a charity, usually after a disaster. You can…
How to fight IRS denial of your Earned Income Credit and exemptions.
- David Greene
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Many people find their Earned Income creit and/or claim for exemptions for relatives denied by the IRS each year. This usually arises in the context of recently separated or divorced parents. Both will claim the exemption and credit and the…