A Tax Tip from the Experts at JKLasser.com A home office can mean the end of stressful commutes and bad hair days. A home office also can deliver a bigger tax refund. Your home office deduction is in reach if you follow the rules and keep the … [Read more...] about Using Your Home-Based Business to Lower Your Tax Bill
Each tax season, tax experts J.K. Lasser send useful articles to various personal finance bloggers to provide to their readers. I'd like to present you with this week's article about the dreaded "A" word: No one should be afraid to take a … [Read more...] about What You Should Know About Audits
Just a few days ago, I told you how we dumped 132 items of clothing off with Goodwill. Commenter CPAMike asked how we came about our valuation of $707. I actually used a few sources, but mostly Goodwill's site (not sure which one now). He pointed out … [Read more...] about How to Value Clothing Donations
Per an IRS News Release posted today: The Internal Revenue Service has acknowledged the certification by General Motors Corp. that its 2007 Saturn Aura Hybrid vehicle meets the requirements of the Alternative Motor Vehicle Credit as a qualified … [Read more...] about IRS certifies 2007 Saturn Aura as qualified hybrid
New IRS tax rules for 2007, which took effect Jan. 1, forbid tax deductions for charitable donations unless you can prove the donation through receipts or other official financial records. However, don't let that scare you away from donating. If … [Read more...] about Stop donating your cash. Write a check instead.