July 10, 2017

How to Protect Yourself from Phishing


Probably the most important rule is: 1) Don’t give out personal information based on an unsolicited email request. Here are a few basic tips to recognize and avoid a phishing e-mail: It contains a link. Scammers often pose as the IRS,...

June 22, 2017

Rules for Renting Out a Vacation Home


Many people rent out a second or vacation home to help offset the costs of ownership. But this enterprise does present special tax considerations. If you rent your vacation home out for fewer than 15 days you do not have to report any of...

May 30, 2017

What is a SIMPLE IRA?


  An eligible employer is one with no more than 100 employees. An employer contribution is required. It can be either: A matching contribution up to 3% of compensation (not limited by the annual compensation limit) or a 2% nonelective co...

May 19, 2017

A Brief History of Electronic Filing


Before 1986. All tax returns were mailed to the IRS and entered into computers by data transcribers. They had to read tax returns that were many times still handwritten by accountants ( who next to doctors may have the worst handwriting)...