Saving Receipts

   The IRS requires receipts to be saved for expenses in excess of $25.  Saving receipts for everything, including small purchases like meals and miscellaneous expenses can be a hassle. It’s not only burdensome for filing systems, receipts tend to fade over time, especially the yellow copies of credit card receipts. So by the time the IRS audits you, the receipt is illegible. One of the best ways to solve this problem is by...

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How Do I Find the Right Tax Advisor?

  There is a record of an ancient civilization where people were required to pay  to their captors 50% of their earnings.  They considered it a form of bondage, but we consider it a fact of life. As Americans, if you earn over $100,000 per year you pay far more than that in sales tax, social security tax, federal and state income tax, property tax and excise taxes.   I’m not against paying taxes for necessary government...

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