Recent News

Depreciation is an income tax deduction that allows a taxpayer to recover the cost or other basis of certain property. It is an annual allowance for the wear and tear, deterioration or obsolescence...

With the early start of this year’s hurricane season, the our firm would like to encourage individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps.

If your lender cancelled or forgave your mortgage debt, you generally have to pay tax on that amount. But there are exceptions to this rule for some homeowners who had mortgage debt forgiven in 201...

This tax season is a good time to see if you qualify for either of two college education tax credits or any of several other education-related tax benefits.

Many home-based workers take advantage of the home office deduction when computing their taxes. This process can be onerous and complicated. However, the IRS recently announced a simplified option.

The tax code provides a variety of tax incentives for families who are saving for, or already paying, higher education costs or are repaying student loans.

In light of the recent changes surrounding the Fiscal Cliff, the IRS recently released updated income-tax withholding tables for 2013. The updated tables show the new rates in effect for 2013 and s...

Each year, the IRS revises the mileage rates for the use of vehicles in certain activities. Recently, the standard mileage rates for 2013 were released.