Home office recordkeeping simplified

Tax Tip for 2013…The IRS is reducing the record keeping required for the home-office deduction, effective for 2013. Taxpayers who qualify may use a new optional deduction calculated at $5 a square foot for up to 300 square feet of an area in a home that is used regularly and...

The IRS Notice Boom (Part 3)

Where the IRS is concerned, there is no defined busy season. IRS compliance systems and staff work year-round on tax compliance issues, consistently monitoring activity and issuing notices. The IRS sends certain types of notices throughout the year. For example, in May and June, practitioners can expect notices related to...