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To Divest or Not To Divest

Posted on December 14, 2016 at 9:50 PM Comments comments (0)

by Steluta Boeru E.A.

With the nomination or the election of an executive branch official (US President and his Cabinet), the Title 5 of the Code of Federal Regulations Part 2634 provides that such official should transfer title or dispose of financial interests that might be in conflict with his official responsibility (or divest).

Same regulation allows the official, his spouse and his dependents to apply the Section 1043 of the US Code, which recognizes gain on such dispositio...

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Business Mileage Deduction

Posted on May 19, 2015 at 1:30 PM Comments comments (0)

You can claim business mileage deductions if you run a business or work as an independent contractor. Before calculating your business mileage, determine your principal place of business. This is the place from which you work most of the time. If you have an office, then your principal place of business is your office. If you work from home, then your principal place of business is your home and, in this case, you can deduct all business-related mileage.

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How to Stay Away from Tax Scams

Posted on September 18, 2014 at 12:25 AM Comments comments (0)

Tax scams can be sophisticated taking many different forms from tax return preparer fraud to identity theft. Each year IRS puts out word during the tax season about what these might be.

For 2014 the list of the “Dirty Dozen” included, among others, identity theft; telephone scams; phishing; false promises of “big refunds; false income, expenses or exemptions; and return preparer fraud. I will take the time to detail them hoping that, in case you can’t be our cli...

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