Archive for the ‘Blog’ Category

“TurboTax Made Me Do It” is not a valid excuse

26/05/17 8:42 am | Comments (0) | Posted By:

On May 11, 2017, the Tax Court issued a Memorandum Decision (TC Memo 2017-79) that addressed, among other things, the Taxpayer arguing that the software “lured” him into claiming too many deductions on his tax return. There were a number of issues on this return that caught the eye of the IRS: alimony paid deduction, interest deduction, and d...

You May Not Have to Ask to Get an Extension

11/05/17 2:20 pm | Comments (0) | Posted By:

Right before this year’s tax deadline, the IRS put out a release reminding people that some of us may not have to ask for an extension. While this advice is coming a bit late from me for the current tax year, it is definitely something to keep in mind. As the IRS notes “Taxpayers in Presidentially-declared disaster areas, members of the military...