by apexcpas | Jul 4, 2018 | Tax Planning
Watching the news every night, you would think natural disasters are a regular occurrence. Hurricanes, tornadoes, floods and earthquakes disrupt lives, challenge communities and cause significant financial losses. If you are the victim of a casualty and you live in a...
by apexcpas | Jul 4, 2018 | Tax Planning
In today’s difficult residential real estate market, many homeowners who must relocate have found it difficult to sell their properties. Many have attempted to rent out their prior homes. A recent Tax Court decision (Hattie M. Bonds v. Commissioner, TC Summary...
by apexcpas | Jul 4, 2018 | Tax Planning
Fall is a season when many people are cleaning out garages, basements and closets. If you are not having a tag sale and some items look too good for the dump, consider contributing them to charity. You can get a tax deduction for whatever the item is worth. When you...
by apexcpas | Jul 4, 2018 | Tax Planning
The IRS has announced that, for tax year 2012, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation. By law, the dollar amounts for a variety of tax provisions must be revised each year to keep pace with inflation. New...
by apexcpas | Jul 4, 2018 | Tax Planning
You have seen the ads on television from tax services that claim they can settle your tax debts for pennies on the dollar. Sometimes you wonder whether these claims are too good to be true. A recent court case demonstrates the difficulties involved in settling tax...