Tax guidance and resources
Looking for advice on lowering your federal or state taxes? You’ve come to the right place. Plus, get news and advice related to tax brackets, property taxes, estate taxes and more.
Taxes Basics
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Latest Articles
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Oil profits and high gas prices don’t mix
An irate reader takes Shell and the IRS to task. CPA George Saenz advises moving on.
2 min read Aug 06, 2008 -
Figuring taxes on the wages of household employees
If a child care or other household employee works at your house, you owe employment tax.
3 min read Aug 05, 2008 -
Figuring taxes of household employees
If a child care or other household employee works at your house, you owe employment tax.
3 min read Aug 05, 2008 -
Income limits for IRAs
Income limits rule for spouses who want to contribute to a deductible IRA, says CPA George Saenz.
2 min read Jul 23, 2008 -
Using overnight delivery services
IRS has provided rules on using a private delivery service for your return, along with advice for late e-filers.
3 min read Apr 14, 2008 -
Is tax ‘rebate’ doomed to fail?
Will a simple choice of words derail the government’s plan to stimulate the economy?
5 min read Mar 28, 2008 -
Can 1 S corp buy another?
One S corp can’t buy shares of another unless it treats it as a subsidiary, says CPA George Saenz.
2 min read Mar 18, 2008 -
Qualifying for earned income credit
Workers have to qualify for earned income credit, says CPA George Saenz.
1 min read Jan 30, 2008 -
Carpenter seeks tax savings
CPA George Saenz advises a self-employed reader on the tax implications of different small business entities.
2 min read Nov 06, 2007 -
Window tinting can mean a tax credit
You may still be able to recoup part of the cost of this simple energy-saving home improvement through a credit on your 2007 tax filing.
4 min read Jul 16, 2007 -
Deducting losses or capitalizing costs
Instead of immediately selling the property, offer it for rent. You can convert your capital loss to ordinary loss.
2 min read Mar 30, 2007 -
Writing off travel expenses
You can deduct reasonable and ordinary travel expenses when away from home on a temporary work assignment, says CPA George Saenz.
2 min read Mar 27, 2007 -
Claiming foreign children as dependents
To claim individuals, even children, as dependents, they have to be citizens or residents of the U.S., says CPA George Saenz.
2 min read Feb 28, 2007 -
Tax changes for the 2005 filing year
Check out these changes to the Income Tax Act that could save you money.
3 min read Jan 13, 2007 -
Tax on home proceeds in a divorce
You’re spared tax repercussions of home proceeds in a divorce, says CPA George Saenz.
1 min read Dec 12, 2006 -
Cooling a tax bill with energy credits
You can earn tax credits when replacing your air conditioning system as long as it meets the energy-efficient requirements, says CPA George Saenz.
2 min read Dec 08, 2006 -
Sorting out nanny tax rules
Principally the IRS is looking to collect Social Security and Medicare tax on wages paid to your household help, says CPA George Saenz.
2 min read Nov 10, 2006 -
Capital gains exclusion for foreign home
The rules apply to foreign homes even if you were not a resident of this country during the period of ownership and use, says CPA George Saenz.
1 min read Nov 09, 2006 -
Deducting rental property losses
Rental real estate losses are not allowed to married or single taxpayers whose AGI exceeds $150,000 a year, says CPA George Saenz.
1 min read Nov 08, 2006 -
Converting to a Roth IRA
The Roth conversion is an oddity, making people pay more tax now in exchange for a future promise that you will not have to pay tax, says CPA George Saenz.
1 min read Oct 25, 2006
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