Over 30 Years of Professional Tax Experience. Licensed CPAs Serving Taxpayers in Boca Raton, Florida & Throughout the U.S.

Tax Deductions


Are Your Alimony Payments Deductible? Maybe

By |January 14th, 2019|Categories: Tax Deductions, Tax Planning|

Beginning in 2019 The Tax Cuts and Jobs Act made changes to the tax treatment of alimony. Learn if your finances will be impacted by these changes.


IRS Announces 2019 Standard Mileage Rates

By |January 5th, 2019|Categories: Tax Deductions, Tax Planning, Tax Reform|

The IRS recently announced the 2019 optional standard mileage rates for business, medical and moving use. The rate for business use is based on an annual study of the fixed and variable costs of operating an automobile, while the rate for medical and moving purposes is based on variable costs only.


Five Last-Minute Tax Savings Strategies

By |December 21st, 2018|Categories: Tax Deductions, Tax Planning, Tax Tips|

Just a reminder that the last day you can make a tax-deductible purchase, pay a tax-deductible expense, or make tax-deductible charitable contributions for 2018 is Dec. 31. Every taxpayer’s situation is unique, and the suggestions offered here may or may not apply to you.


Good News-IRS Announces Business Meals Are Deductible

By |October 10th, 2018|Categories: Tax Deductions|

If you are a business owner who is accustomed to treating clients to sporting events, golf getaways, concerts and the like, you were no doubt disappointed by the part of the tax reform that passed last year that did away with the business-related deductions for entertainment, amusement or recreation expenses.


S Corporations Should Pay Reasonable Compensation To Shareholders

By |September 12th, 2018|Categories: Tax Deductions, Tax Planning|

Unlike a C corporation, which itself pays the tax on its taxable income, an S corporation does not directly pay taxes on its income; instead, its income, losses, deductions, credits and distributions are allocated to its shareholders’ on a pro rata basis.


Is Your Interest Expense Tax Deductible?

By |November 1st, 2017|Categories: Interest Expense, Tax Deductions, Tax Planning|

When borrowing money taxpayers often ask if the interest will be tax deductible.  The answer to the question can be complicated  and you’ll learn that not all interest you pay is deductible. The rules for deducting interest depend on whether you use the loan proceeds for personal, investment, or business purposes.


You Can Still Make An IRA Contribution For Last Year

By |February 18th, 2017|Categories: Retirement Plans, Tax Deductions, Tax Returns|

Taxpayers wanting to make an IRA contribution for 2016, have until the unextended due date for filing their 2016 return, which is April 18, 2017. Contributing to an IRA has several benefits, the most important one being that you are saving for your retirement.


Can You Benefit From State and Local Sales Tax Deduction?

By |January 17th, 2017|Categories: Tax Deductions, Tax Planning, Tax Returns|

Now that the 2017 tax filing season has arrived you may benefit from the following tax savings opportunity.


Court Finds Temporary Support Payments Are Not Deductible Alimony

By |June 26th, 2013|Categories: Tax Deductions|

The Tax Court recently held that temporary support payments made by the taxpayer to his wife was not deductible alimony.


Simplified Method For Claiming Home Office Deduction

By |January 20th, 2013|Categories: Tax Deductions|

The IRS recently announced an optional method that individual taxpayers may use to calculate the deduction for expenses incurred for the business use of their home (commonly known as the home office deduction). The new method may be used for tax years beginning in 2013.

Trusted and experienced tax representation you can rely on. Call for a Free Consultation

X Get a Free Copy of “Your Guide to IRS Tax Relief” Today!

Your Guide to IRS Tax Relief
A complete guide to resolving your IRS collection problems