Deductions Archives - Page 12 of 26 - FREE Yourself from IRS Problems

Shamsey Oloko July 13, 2016 Audit, Bankruptcy, Charitable Contributions, Deductions, Donald J. Trump 0

What A Mess: The Donald And His Tax Returns

In March, Donald Trump’s campaign published a letter written by his tax attorneys explaining the status of his tax returns, an apparent sore subject for the Donald whenever he is questioned about it by the media. Although the letter is dated…

Shamsey Oloko June 24, 2016 Deductions, Expenses Deductions, Job Search Expenses, Military, Moving Expenses, Qualified Expenses 0

The Most Overlooked Tax Deductions, Part 1

Many taxpayers overlook the long list of deductions that they may take when completing and filing their tax returns. The IRS has estimated that millions of taxpayers overpay their taxes each year mainly because they fail to avail themselves of…

Shamsey Oloko June 20, 2016 Charitable Contributions, Deductions 0

Documenting Charitable Contributions

Some deductions like charitable contributions are conducive to tax fraud. These tax-related events are subject to the utmost IRS scrutiny. Therefore, taxpayers are subject to very detailed rules which require them to produce a specified form of documentation as proof…