Travel expenses incurred in attending a domestic convention are subject to the regular business trip rules if attendance will benefit or advance the taxpayer’s business. No business expense deduction is allowed for expenses allocable to a convention, seminar, or similar meeting held outside the “North American area” unless the taxpayer establishes that the meeting is directly […]

A new federal law moves up the W-2 filing deadline for employers and small businesses to Jan. 31. The new law makes it easier for the IRS to find and stop refund fraud. It also delays some taxpayer refunds. Those taxpayers claiming the Earned Income Tax Credit or the Additional Child Tax Credit won’t see […]

Usually, profits you earn are taxable. However, if you sell your home, you may not have to pay taxes on the money you gain. Here are ten tips to keep in mind if you sell your home this year. Exclusion of Gain.  You may be able to exclude part or all of the gain from […]