Monthly Archives: January 2018

This web page consists of tax tips that we have developed from our day-to-day dealing with tax issues. We hope that you find something of value. If you are looking for something specific, type it into the search box to … Continue reading →

One of the best but sometimes least used estate planning technique is the annual gift tax exclusion. Under the provisions of this exclusion you may gift up to $13,000 per individual per year tax free (or $26,000 if married filing … Continue reading →

Domestic Help If you employ domestic help and pay them over $1,000 during the year, the amount you pay them is subject to FICA and FUTA. Although you do not need to file payroll returns with the IRS quarterly, you … Continue reading →

If you go on a trip that is primarily for business, and the destination is within the US, the full cost of travel to and from the destination is deductible even though not all of your time was spent on … Continue reading →

Charitable contributions of $250 or more are deductible only if there is written proof of the deduction from the organization receiving the donation. The written proof should be obtained at the time the donation is made.