The Edge Newsletter
Protecting Yourself from Scams, ID Theft and Cyber Criminals
As much as the Internet has changed our lives for the good, it has also opened us up to threats from crooks from all over the world. They are smart…
Eldercare Can Be a Medical Deduction
Because people are living longer now than ever before, many individuals are serving as care providers for loved ones (such as parents or spouses) who cannot live independently. Such individuals…
What is an IRS Penalty Abatement and Am I Eligible for One?
There are different types of IRS penalties that can be assessed against you. The most common penalties include those for failing to file a tax return, filing your return late,…
What to Do If You Receive a Dreaded IRS Letter
Now that most tax refunds are deposited directly into taxpayers’ bank accounts, the dream of opening your mailbox and finding an IRS refund is all but gone. However, the IRS…
Why Tax Basis Is So Important
For tax purposes, the term “basis” refers to the original monetary value that is used to measure a gain or loss. For instance, if you purchase shares of a stock…
Vacation Home Rentals: How the Income Is Taxed
If you have a second home in a resort area, or if you have been considering acquiring a second home or vacation home, you may have questions about how rental…