How Should I Spend the Last Days of 2012?

2012 will be over before we know it, so there is no time like the present to start thinking about year-end tax planning. There is so much uncertainty about what will happen in 2013 and beyond, but you can help determine the amount you’ll pay on this year’s tax bill. Maximize your contributions to your … Continued

How Does the IRS See Your Business?

Is your business an active trade or business or a hobby in the eyes of the IRS? This is one area that is constantly being litigated in income tax law. An activity must be engaged in for profit to avoid the hobby loss rules, but each business is viewed on a case-by-case basis and must … Continued