In today’s world of virtual offices and multitasking may taxpayers use their care for business, charitable or medical transportation events. If the taxpayer decides to claim a deduction for such mileage are they inviting an IRS audit and possible, audit adjustment. The IRS has specific rules in place as to what types of driving are eligible [...]
Many taxpayers are unaware that the Trump administration has taken the first steps to put its imprint on the Affordable Care Act, reversing plans to withhold tax refunds this year from Americans who do not follow an insurance requirement in the law. Quietly the Internal Revenue Service has revoked an Obama-era instruction to taxpayers that was [...]
Tax Management & Financial Horizons offers a new concept in time saving for the preparation of your 2016 income taxes. This service is for the busy tax payers that don’t have time to make an appointment to visit a tax preparer nor do they want to share their sensitive information using unsecure e-mail. First, we need [...]
