Every taxpayer’s biggest fear is getting the dreaded IRS Audit Notice in the mail. Although reporting the following do not guarantee that you will be audited, they are items that the IRS tends to evaluate for audit purposes:
Failure to… Read More
This isn’t just a catchy title; it’s also the name of a new law recently signed by the Missouri Governor. House Bill 45, signed by Jay Nixon on August 28, 2011, creates a Missouri tax deduction for each new full-time… Read More
Christmas is right around the corner and you might be wrapping all the gifts to put under your tree. But before the calendar changes to 2012, it’s time to give thought to your 2011 year-end tax planning.
Without further legislation,… Read More
The first three installments of this series covered the basics of retirement benefits, who is entitled to receive payments, and factors that lead to a reduction (or increase) in benefits. This leads us to the age-old (or old-age rather) question,… Read More
The IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) will remain at 55.5¢ per mile for business travel after 2011—that is, unchanged from the July 1, 2011 mid-year adjustment.… Read More