by numberc | Nov 3, 2017 | News
I have very mixed feelings about the proposed tax law changes. Some of my clients will benefit; others will be left in the dust. Because we live in a high income tax state, there is less to love about this bill than if we did not. The bill only allows for the...
by numberc | Nov 29, 2016 | Deductions
I know; I know…when you’re shopping and party-planning for the holidays, you’re likely not considering the deductibility of your expenditures. But be careful in your partying and your gift-giving – or you could end up giving your favorite uncle a celebration, as well....
by numberc | Jan 20, 2016 | Liabilities
An overwhelming majority of taxpayers get a refund when they file their returns; they’ve made IRS an interest-free loan throughout the year and IRS is repaying that loan. Sometimes, however, you’ve played W-4 roulette – or you’ve failed to pay estimated quarterly...
by numberc | Jan 16, 2016 | Retirement Planning
Powerball fever swept across America last week, with a record jackpot of $1.5 billion eventually being split by three winners in the January 13 drawing. Millions lined up for lottery tickets, hoping to realize their dreams of being rich, independent, and carefree.1,2...
by numberc | Jan 16, 2016 | Deductions
The Minnesota Society of Certified Public Accountants recently surveyed its member on the most outrageous tax deductions clients tried to take on their tax returns. The resulting list shows that, more often than not, clients don’t know which deductions are allowed...
