Why You Might Receive a Notice from the IRS
April 15th has come and gone and the last thing you want is to hear from the IRS; however, sometimes the IRS needs to follow up on tax-related issues and they will send notices that you might need to respond to. Don’t panic! Not all of these letters contain bad news–sometimes you could even be […]
Mileage Logs: A Must for Tax Time
Come tax season, people are always asking me about mileage logs. A recent Tax Court case highlights the importance of keeping a log. In the case, a Mr. Keith Dunford lost $93,656 in business deductions for his business motorhome and two business cars due to lack of a business mileage log. Receipts are Not Enough […]