Millions of senior citizens in the United States survive on limited income. For these seniors, especially, it is important to understand how taxes work as well as how to take any advantage of the deductions that are available to them in order to redu...

Death and taxes and two things we cannot avoid. While neither is a pleasurable experience, there are ways in which the pain of paying taxes and going through the paperwork can be mitigated. Not just that, with the right tax strategies and proper plan...

By Eli S. Noff, Partner and Mary Lundstedt On March 13, 2018, the IRS issued news release, IR-2018-52, announcing that the Offshore Voluntary Disclosure Program (OVDP) will close on September 28, 2018. The OVDP’s objective has enabled willful US taxp...

By Mary Lundstedt According to the February 21, 2018, IRS news release, IR-2018-32, there are still circumstances for which interest on home equity loans is still deductible under the Tax Cuts and Jobs Act of 2017. The IRS has now clarified that R...

A tax audit is essentially an accounting procedure that examines your financial records to ensure you filed your tax return accurately. If the IRS finds errors or purposeful mis-reportings, you’ll have to pay the recalculated return amount and ...