What is the status of tax credits for tax year 2015?
- March 1st, 2016
- David Greene
- Comments Off on What is the status of tax credits for tax year 2015?
Will any of the tax credits we had in tax year 2014 still be available for tax year 2015? Yes, I’m happy to say that the Protecting Americans from Tax Hikes (PATH) Act of 2015 preserved many of the consumer…
When can a business deduct gifts to Charities?
- February 5th, 2016
- David Greene
- Comments Off on When can a business deduct gifts to Charities?
Gifts to charities by a business are not alweays deductible, but in some cases they are. The IRS Chief Counsel recently issued an Advice Ruling in which he said that when a business conducts a promotion where it advertises that…
Are consumer tax return preparation programs right for everyone?
- February 2nd, 2016
- David Greene
- Comments Off on Are consumer tax return preparation programs right for everyone?
The answer depends on the complexity of your tax situation. If you have only W-2 income and claim the standard deduction, you can probably prepare your own tax return or the available programs would be fine. However, if you claim…