Mar 25, 2020 | Accounting, General Tax Information, Income Taxes, International
Under the Eligibility Test, if you have both owned and lived in your home for at least two of the last five years, then you are eligible to exclude a gain of up to $250,000 ($500,000 for married taxpayers) from tax If you don’t meet the Eligibility Test, you may...
Dec 8, 2014 | General Tax Information, Income Taxes
Tax payers tremble when the words “IRS audit” are mentioned. If you listen to radio and TV news or pundits that fear can be augmented this time of year, you’ll be left with the impression that there is a metaphorical gun pointing at all of us, just waiting to be fired...
Dec 8, 2014 | General Tax Information
2014 is the first tax year where Americans without health insurance are going to see amounts added to their tax bills due to the Individual Shared Responsibility Payment that came into effect as part of the Affordable Care Act in 2010. Earlier this year, there were...
Nov 10, 2014 | Income Taxes, International
Over the past decade, various forms of online gambling have been growing in popularity. Sources estimate that in 2013, the online gambling industry earned 30 billion dollars worldwide. Although federal law makes most internet gambling illegal across state lines, and...
