Tag Archives: taxes

Free Cars For Car Salesman

Salesmen and saleswomen have the ability to use their employer’s vehicles tax free, both at work and at home. However, the exclusion comes with some pretty onerous requirements: 1.The salesman or saleswoman must be a full time employee 2.The car … Continue reading

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Common Tax Filing Errors

Before you file your tax return, make sure you double-check your return for these common mistakes: Wrong or missing Social Security Numbers. Misspelled names. Filing status errors. Math mistakes. Incorrect bank account numbers for direct deposits. Unsigned forms. If you … Continue reading

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Missouri Use Tax

Missouri applies a use tax on any item that is purchased outside of Missouri but comes to rest in Missouri and is put to use in Missouri for even an instant by the purchaser.  However, if the purchaser never uses … Continue reading

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Jackson County Tax Sale New Rules

A recent Missouri Supreme Court case has stated that county tax sales must give adequate notice, before the tax sale occurs, to holders of mechanic’s liens.  Failure to give adequate notice to a mechanic’s lien holder could undo the entire … Continue reading

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Stolen Identity on your Tax Return

More than 80% of Americans file their income tax returns after April 1.  However, if you do not file early, you leave the potential for an identity thief to file a fraudulent tax return in your name, claiming a big … Continue reading

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IRS Wants to Use Private Debt Collectors

In an effort to collect more tax revenue, the IRS is wanting to send outstanding tax debts to private debt collection companies.  The debt collection companies would be then be able to report the unpaid tax debt on your credit … Continue reading

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Donations to Presidential Candidates

Don’t be fooled!  A donation to a political campaign or a political action committee is not deductible.  Also, donations to non-profits with clear political agendas are not deductible. If you are in tax trouble and need some help, contact our … Continue reading

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Medical Music

  In 1962, the IRS allowed a taxpayer to deduct the cost of his son’s clarinet lessons because the lessons were recommended by the son’s orthodontist in order to fix the son’s overbite.  This ruling stems from lobbying orthodontists that … Continue reading

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Taxpayer Bill of Rights

The IRS has issued bill of rights that every taxpayer has, and some of them are: You have the right to receive a tax notice informing you of the tax, interest, and penalties that the IRS claims you owe. If … Continue reading

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Over-looked Tax Deductions

The end of this month marks the halfway point for the tax season.  If you haven’t filed yet, or you have filed but may want a second look, don’t forget about these often-over-looked deductions:  Investment losses up to $3,000 from … Continue reading

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