One of the more generous business tax deductions allowed by the IRS focuses on being able to use the expenses of buying, using, or owning a business vehicle as a write off when you...
Posted by Valderas Financial Solutions LLC on 07/05/2017
Real estate is one of those industries that the government benefits from immensely. For every property purchased or sold, there's a tax cut that the government takes. It therefore...
Posted by Valderas Financial Solutions LLC on 06/24/2017
When you sell stocks, bonds, precious metals or other investments, it is crucial to know the tax basis of each asset. You will need this number to determine how much income or loss...
Posted by Valderas Financial Solutions LLC on 06/21/2017
Lions and tigers and tax preparation...>oh dear. Nothing can make you feel as though you are not in Kansas anymore quite like a giant heap of income tax return mess riding in on a...
Posted by Valderas Financial Solutions LLC on 06/16/2017
There is a connection between taxes and wealth accumulation; the Internal Revenue Service (IRS) rewards investors. In other words, the government wants its citizens to help build...
Posted by Valderas Financial Solutions LLC on 06/07/2017
No one really enjoys paying taxes. Regardless of the services we receive in return, the idea of parting with our hard-earned cash is sometimes difficult. Each year, some taxpayers...
Posted by Valderas Financial Solutions LLC on 05/17/2017
When you claim tax breaks to reduce your tax liability, you can accept the normal deduction or itemize them. Undoubtedly, it is simpler to take the normal deduction. However, if...
Posted by Valderas Financial Solutions LLC on 05/10/2017
The IRS will rarely audit your individual tax reports unless they notice discrepancies in the filed reports. As of 2016, only 0.70% of individual tax returns were audited by the IRS. Therefore,...
Posted by Valderas Financial Solutions LLC on 05/09/2017
There are countless articles out there about the many different types of deductions that both individuals and small businesses can take advantage of, but arguably none of them are...
Posted by Valderas Financial Solutions LLC on 04/26/2017