Monthly Archives: September 2017

Your receipts are important: save them

Deduction opportunities abound for people who know the importance of saving their receipts and keeping proper documentation. Make sure you’re taking the right steps to make qualified deductions during filing season. When it comes to taking qualified deductions on your … Continue reading

Posted in business, corporate income tax, deductions, finance advisor, Income Tax, IRS, personal finance, tax return | Leave a comment

You’re getting audited – here’s what to do

So you’ve been contacted by the IRS — or you’re worried you will be. Find out the first steps you should take to be prepared if you’re audited. Most of us will never be audited. But when it does happen, … Continue reading

Posted in business, corporate income tax, deductions, Income Tax, IRS, tax planning, Tax Problems | Leave a comment

Fair market value (FMV): What is it and how to defend it

The price that property would sell for on the open market — fair market value (FMV) — often seems like it’s open to interpretation. Here’s how to defend your FMV determination if it’s questioned. So what is fair market value … Continue reading

Posted in business, estate planning, finance advisor, Income Tax, personal finance, tax planning | Leave a comment