U is for Unreasonable Compensation. I don’t love S corporations. I know that my CPA friends love, love them but I don’t. While I agree
Read MoreWhich Tax Form Makes Sense For You?
When I was in college, I used to think there were only two federal income tax returns: the form 1040-EZ for students and the form
Read MoreTaxes From A To Z: T Is For Tuition & Fees Deduction
T is for Tuition and Fees Deduction. College can be expensive. Crazy expensive. I say this as a former student now repaying tons of student
Read MoreTaxes From A To Z: S Is For Standard Deduction
S is for Standard Deduction. Most taxpayers have the option of claiming the standard deduction or the itemized deduction. I say “most” because, as with
Read MoreSuspicious Package At IRS Office In Philly
The Philadelphia Daily News is reporting that there is a suspicious package at the Internal Revenue Service (IRS) office in Philadelphia. The device consists of
Read MoreTaxes From A To Z: R Is For Refund
R is for Refund. With tax season down to the wire, more and more taxpayers are wondering about the status of their refunds. Your refund
Read MoreIRS Part Of Biggest Story In Banking
Sometimes, what seems like a little story is actually quite extraordinary. That’s what happened earlier this month, when what seemed like business as usual thousands
Read MoreWin An A In Tax Law
That’s right, I said ‘Win an A in Tax Law.’ My popular contest for law and paralegal students is back. So let’s get right to
Read MoreTaxes From A To Z: Q Is For Qualified Dividends
Q is for Qualified Dividends. Qualified dividends sound fancy but they’re really just ordinary dividends that, if they meet certain criteria, are taxed at lower
Read MoreTaxes From A To Z: P Is For Penalty On Estimated Tax
P is for Penalty on Estimated Tax. If you receive payments or other funds without having any federal income taxes withheld, you should consider making
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