Taxes

Tax Deduction for a Dog?

I cannot tell you how many times I’ve been jokingly (and sometimes not so jokingly) asked by a client if they could take a tax deduction for

Can You Deduct Your Clothing as a Uniform?

The question comes up from time-to-time where a client purchases a business suit and asks if they can claim it as a business deduction,...

Business Owners... Consider Setting Up a Simple IRA at Work

SIMPLE accounts may accept rollovers from expanded list of retirement plans. In general, an employer with 100 or fewer employees that...

A Simple Deduction for a Home Office

Do you work at home or have a home-based business? If so, you should be aware that the IRS has created a simpler option for calculating...

Tax Free Qualified Charitable Distributions from Your IRA

To Pay Taxes or To Not Pay Taxes... That is the Question When you're 70 1/2 you MUST start withdrawing a percentage of your IRA...

Foreign Assets? Don't Forget to Report Them!

If you have a financial interest in or a signature authority over a foreign financial account, including a bank account, brokerage...

STEVEN R. JONES, CPA, PA