News & Perspective

Preparing for next years taxes. This can be easy, if you take some time ahead of time to get organized. The Form 1040 for tax year 2018 is a shorter form and replaces the current form 1040, Form 1040 A and the Form 1040 EZ. The new Form 1040 can b... Read More

Tax smart move for 70 year olds. Those who have reached the age of 70 and a half. You can make donations to an IRS approved charity out of your IRA. These so called qualified charitable contributions (CQDs) are not a permanent feature of the tax l... Read More

States with the highest and lowest taxes.  These may not be the one's that you think. This data is not limited to personal taxes, but also includes corporate taxes, which may account for some of the misconceptions. State with the highest and lowes... Read More

Kushner paid no income taxes for years. Even though his personal net worth has soared . His net worth has quintupled to almost $324 million, and his family has spent billions buying real estate. And yet, for several years running, Mr. Kushner--Pre... Read More

Five two nine college savings plans popular. These are popular in so many ways with the public, and the size of these plans show it. The costs of college just keeps climbing, so it never too early to start planning for how you will pay for it. And... Read More

What constitutes entertainment expense. This is a question we are often asked. If an activity is generally considered to be entertainment, it will constitute entertainment for purposes of IRS Section 274 (a) and Section 1.274-2 regardless of wheth... Read More

Things to do now for next years taxes. Start by making a checklist of all your priorities. You may need a paycheck checkup. Following the tax low changes passed by President Trump and the Congress, you should do a paycheck checkup using the IRS's ... Read More

Anti tax fervor closed their libraries. So now they are trying to get them back. All the county libraries closed in this wooded corner of Oregon when the money ran out. But believers in the power of books rejected that fate, and in town after town... Read More

Chevrons big tax avoidance. This finally became public news. International and Dutch unions have filed a complaint with a global trade body accusing Chevron of funneling billions of euros through letter box companies in the Netherlands to avoid ta... Read More

Registering for online self help tools. This has been made easier by the IRS. To better protect taxpayers, the IRS upgraded its identity verification process for certain online self help tools. The purpose is to prevent taxpayer impersonations and... Read More