© 2019 by Steven R. Jones, CPA, PA

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March 17, 2017

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 their dog; but I can tell you that I can count on it coming up at least once every tax season.

June 16, 2016

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, citing this is their "uniform."  The short answer is No, as you will read below.

No Deduction for Required Employer-brand Clothing:

Th...

February 26, 2016

SIMPLE accounts may accept rollovers from expanded list of retirement plans. In general, an employer with 100 or fewer employees that doesn't have a qualified plan can establish a “SIMPLE” (savings incentive match plan for employees) retirement plan, without having to...

February 21, 2016

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 the deduction for the business use of your home. The new option makes recordkeeping easier because, instead of maintaining records of...

January 12, 2016

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 set by the government from your investments called the RMD (Required Minimum Distribution)....

January 8, 2016

If you have a financial interest in or a signature authority over a foreign financial account, including a bank account, brokerage account, mutual fund, trust or other type of foreign financial account, you may be required to report this information to the IRS.  Failur...

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