President Obama has been a boon for entrepreneurs and small businesses.

President Obama has been a boon for entrepreneurs and small businesses.

The health care plan issued by President Obama has been a boon for entrepreneurs and small businesses. This Affordable Care Act gives these small businesses lot of support and help…

New York Times gets so- called “Cadillac Tax” wrong

New York Times gets so- called “Cadillac Tax” wrong

Healthcare-Now! is an online portal that specializes on the health schemes of US and helps the people to understand the schemes better and ways to access the same. Recently it…

How to fix taxes – after you file

How to fix taxes – after you file

There are chances of mistakes to happen while filing an income tax return. In the hurry to file tax returns, people may tend to miss out basic details and realize…

Apple Tax Conspiracy Explained

Apple Tax Conspiracy Explained

There was a huge uproar among the US Senators that the IT major Apple has been evading billions of tax payment by using loopholes and gimmicks to escape from the…

Planning to pay tax bill with credit card ?

Planning to pay tax bill with credit card ?

It is the time of the year to pay taxes, again. Have you planned for your tax payment? If you are thinking about the various options available to pay your…

Employers (Dental Practices) Engaging Independent Contractors are Prone to Scrutiny

Employers (Dental Practices) Engaging Independent Contractors are Prone to Scrutiny

The government acts strictly with employers who make attempts at evading taxes by resorting to unscrupulous means.  Many employers project their permanent employees as being independent contractors in order to…

BoE, IRS and FTB Tax Audit On The Rise

BoE, IRS and FTB Tax Audit On The Rise

BoE, IRS and FTB Tax Audit On The Rise | Protect Yourself We have seen an increase in Franchise Tax Board, Board of Equalization (Sales Tax) and IRS Tax Audits…

Hiring a Tax Expert to Face an IRS Audit

Hiring a Tax Expert to Face an IRS Audit

“I am nervous and unsure about the impending audit from the IRS for my 2010, tax returns. I believe that they are pointing towards the irregularities in my deductions and…

Home Office Deduction | Video

Home Office Deduction | Video

In this short video, Sanjiv Gupta CPA discusses the “Home Office Deduction”. What is considered as Home Office ? Please consider the IRS definition for Home Office. Whether you are…

Deducting Rent Payments

Deducting Rent Payments

Keywords that should come to your mind is “reasonable in amount”.   If you are renting from your family or friends than you should ensure that rent is a reasonable amount. …