The GOP tax bill changed or eliminated a number of deductions for working Americans and businesses alike. At least in one case, this could an advantage to savvy business owners.... read more →
Come tax season, fear of triggering an IRS audit runs high. While we’ve all heard horror stories about the Tax Man taking his pound of flesh, it’s best to know... read more →
If you drive for work, claiming a vehicle deduction can be a huge money saver. The IRS allows for 2 deduction methods: the standard mileage deduction or actual expenses. ... read more →
Our tax liability is about to shift, and the savvy taxpayer can take advantage of changes and deductions to lower their bill even further. Health Care Mandate Repeal While... read more →
Hey Mileage Ace, I do not a get mileage reimbursement for my job in medical supply sales. I do not keep a daily report of my driving but typically average 30k... read more →
Last year nearly 30% of all individual tax returns show some form of self employment income. No wonder small business tax deductions are such a hot topic! With the growth of the "gig... read more →
Unless your taxes are really really simple, everyone gets that nagging fear of "what if I'm audited?" Over history the number of years the IRS can go back has varied quite... read more →