El Papa Income Tax

Five guys committed a $13 million tax fraud. Here’s how much prison time they’ll do

Miami-Dade residents Jamal Dyer, Jorge Osorio-Rodriguez, Tramaine Sealy, Jonathan Edwards and Daniel Murias each have been sentenced to do federal prison time after pleading guilty to a $13 million tax fraud

What Can a CPA Do that a Regular Accountant Can’t?

What can a CPA do that a regular accountant can’t? That’s what we’d like to address today.

Missed deadline to file Income Tax Return? Here's what you need to do

What should you do if you have missed the deadline to file your Income Tax Return? Read on to find out.

Tax Deductions You Won't Believe

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth

Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...

IRS Tax Tip: Ten Tax Tips For Individuals Selling Their Home

The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or part of that gain from your income.Read more →

Does Major Dental Work Count as a Deduction for Income Tax?

Major dental work such as braces and dental surgery can cost thousands of dollars. Even routine visits to the dentist can get pricey. The Internal Revenue Service considers dental care costs a medical expense. However, that does not automatically mean major dental work will count as a deduction for income tax purposes.

Get Rid of These Outdated Technologies AND Get a Sweet Tax Deduction!

Section 179 of the IRS tax code lets you deduct the full purchase price of qualifying equipment or software that is bought throughout the tax year.

MAKING CENTS: Will another state save you taxes?

People who retrofit homes for energy efficiency could get income tax credits

New plan from Government officials also suggests rise in carbon tax in Budget 2020

How to get your taxes done for free (or close to it)

There are ways to cut your tax preparation cost to zero, or pretty close.

Paying Taxes When Selling an Inherited Vacation House

While it may seem great to inherit a vacation house, in actuality it may not be practical to keep the property, especially for tax reasons.

5 surprising items you can deduct from your income tax returns

Put Your Tax Refund to Work and Enhance Your Home’s Curb Appeal

It’s that time of year again…tax season. The dreaded April 15 deadline also means its spring, and time to start thinking about how your home looks from the outside. If filing taxes means a return f…

Divorce and Taxes Who Claims the Kids on Your Tax Return

Going through a divorce can be challenging, especially if children are involved. Make sure you understand the various tax laws regarding your particular situation. Be aware of the ramifications and tax credits available to you.

Households Spend More on Healthy Foods When They Get Earned Income Tax Credit

The Earned Income Tax Credit was created in the 1970s as an incentive for low-income Americans to stay in the workforce. It may also help them eat healthier food, according to new research from the Federal Reserve Bank of Chicago.