IRS Telephone Scams on The Rise

90,000 complaints received regarding tax related telephone scams Over $5 million in reported taxpayer losses Thieves are more sophisticated by using fake IRS caller IDs In a recent announcement, the IRS cautions that the use of impersonating the IRS as a means to steal your identity and

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Tax Benefits of Home Ownership

When it comes to tax savings it really is home sweet home. Here are some of the popular tax benefits of owning your own home and how to get the most out of your home’s tax advantaged status. Mortgage interest. Interest paid on your home mortgage is still tax

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Is it a Business or a Hobby? 9 Questions to Ask

The IRS takes the distinction very seriously.  Many small businesses start out as casual pastimes. You help troubleshoot your friends’ computer problems in your spare time, and they start telling their friends and business contacts about you. Or you use your woodworking skills to build furniture for non-profit organizations

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