There Is Still Time To Cut Your Taxes!

There Is Still Time To Cut Your Taxes!

Even though the tax year is over, you still have opportunities to reduce your 2013 taxes.  Many strategies for tax planning need to be done by December 31st; however, there…

Avoiding the Dirty Dozen Audit Red Flags

Avoiding the Dirty Dozen Audit Red Flags

The taxpayers are warned on manipulating any information related to the filing of their tax return deductions. This can let loose the ever inquisitive nature of the IRS and you…

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. …

Avoiding IRS Tax Audit This Year

Avoiding IRS Tax Audit This Year

There are many things that seem to raise the red flag every time a tax return goes to the IRS. This article is going to point out some of the…

1099 Independent Contractor Tax Deduction

1099 Independent Contractor Tax Deduction

Recently we got a question asking about the tax deduction for the 1099 contractor. Caller wanted to know if he can deduct the travel expense from his home to his…

Understanding Self Employment Tax

Understanding Self Employment Tax

The word tax never fails to not to scare us right? No matter however much money we are paying to the government as tax it seems that when ever it’s…

Top 3 Deductions for Self Employed | Infographics

Top 3 Deductions for Self Employed | Infographics

Self employed individuals can also take advantage of many tax breaks.  Here are the three most popular tax breaks that can help you reduce your tax bill.  Do you have…

July News Letter | Tax Tips

July News Letter | Tax Tips

  July/2012 Tax Tips From Sanjiv Gupta CPA I am back from India.  It was a fun trip but as always it was short. It was great pleasure to see…

Red Flags | Invite For An Audit

Red Flags | Invite For An Audit

One of the common question asked by Tax Payers is “Can I get audited?” or “What can flag my tax return for an audit?”. These questions bug so many tax…

How To Deduct Commuting Cost ?

How To Deduct Commuting Cost ?

Have you thought about deducting your commuting expense?  Most of us living in Bay Area drive a long distance to get to work and would love deduct our growing commuting…