MMOIA

By Joseph M. Hoffmann, Esq
Having a little working knowledge about how Trusts are taxed can help you with planning for your special needs person. It will also help you to work more effectively with your accountant, lawyer and trustees.
First, it is important to realize that most trusts are separate entities and can be subject to [...]

By Kwame Kuadey
A tax preparation firm can be a good move for you. Most people do not enjoy doing their taxes and are not comfortable doing it since it is simply an annual event. Using a tax preparation firm can help save you money and time since the firm is experienced in this particular endeavor [...]

By Cheryl Forbes
How does one keep the taxes at a minimum? Hard working citizens complain about the taxes that they pay every year. But we cannot do anything about it. Taxes have to be paid. If you do not pay the right amount of tax or worse, you do not pay them at all, you [...]

By Roni Deutch
Having a home office is an audit red flag.
This myth was more popular when fewer people had home offices, but is definitely not true these days. Home offices are quite common today, and it alone will no longer flag you for an audit. However, that does not mean the IRS turns a blind [...]

By Wayne Davies
A few months ago, one of my clients (let’s call him Mr. Jones) got one of those IRS “love letters” requesting more information about his return, and the IRS wanted to meet with Mr. Jones in person to discuss the situation.
Mr. Jones (a small business owner) was required to show up at the [...]