Consider a Roth IRA if you qualify for one. The beauty of a Roth is that your investment grows tax-free, and qualified withdrawals from a Roth will be completely tax-free. Contact our office to find out if you qualify for a Roth IRA and other information on retirement...
There are many reasons why the Internal Revenue Service could be contacting you. Some contacts involve very minor corrections; some are for serious changes that could involve a lot of money. Sometimes the IRS is correct in what they are seeking; other times they are...
The IRS recently sent out a tax tip in regards to gambling winnings and losses. Most people don’t realize that their gambling habits have tax implications and they must be included on their tax return. Gambling winnings and losses include all forms of legal gambling...
Check the tax savings of combining business and pleasure on the same trip this summer. Within the U.S., if the primary purpose of the trip is business and you add on a side trip or an extra few days for pleasure, you can deduct all the travel costs to and from your...
Do you own a boat or recreation vehicle? Are you thinking about buying one? As long as the vehicle has sleeping space, a bathroom, and cooking facilities, you may be able to claim it as a second home and deduct the interest payments on your loan. For any questions...
Last week Peter Witts, CPA PC’s Government Consultant Mike Gitlen attended the Navy Gold Coast/NDIA Small Business Procurement Event at the San Diego Convention Center in San Diego, Ca. The event brought in over 1500 attendees that ranged from small business owners...
