The IRS has alerted taxpayers that there is a new twist on an old phone scam. Criminals are using telephone numbers that mimic IRS Taxpayer Assistance Centers (TAC) to trick taxpayers into paying ...Read more
Working in the construction industry has many perks, one of the biggest of which is the tax deductions. Come tax time, most nine-to-fivers are unable to deduct anything more than home office ...Read more
Q: As a self-employed professional, I do a lot of driving and consequently rack up a lot of business mileage. This year my mileage deduction will be well over $7,000. A friend told me that a maximum ...Read more
If you claim the mileage deduction on your tax return, you need to be able to back it up with an adequate mileage log in the event of an IRS tax audit. Failure to do so could prove costly. Alvaro ...Read more
