Lower My Tax Now Blog
Seven summertime tax-savers
Posted in Tax-Blog. Bookmark the permalink. | , July 22, 2015 | 0 Comments
Summer is here and so are tax-saving opportunities. Here are seven suggestions for cutting your tax bill.
1. Rent out your vacation home. If you own a second home, rent it out this summer when you’re not using it. Generally, you can offset the rental income with rental-related expenses, leaving you…
How do you maximize tax breaks for your vacation home?
Posted in Tax-Blog. Bookmark the permalink. | , July 15, 2015 | 0 Comments
Hi guys, this is Noel Dalmacio, your ultimate CPA at lowermytaxnow.com
How do you maximize tax breaks for your vacation home?
If you own a vacation home, a boat or an RV
that you also rent out to others,
keep track of the rental use during the year to maximize…
IRS launches new “Misclassification Initiative”
Posted in Tax-Blog. Bookmark the permalink. | , July 8, 2015 | 0 Comments
How you classify your workers – as “independent contractors” or “employees” – matters a great deal to the IRS. The IRS is aware that employers prefer to treat workers as independent contractors to avoid paying fringe benefits and payroll taxes. The IRS estimates that 80% of workers who are…
IRS publishes help for ID theft
Posted in Tax-Blog. Bookmark the permalink. | , July 1, 2015 | 0 Comments
The IRS website contains useful information on how to avoid becoming a victim of identity theft, plus steps to take if you do become a victim.
Here are the warning signs that you may have had your identity stolen:
1. The IRS notifies you that more than one tax return was filed…
