by Alex Franch, Tax Specialist In 2013, the IRS implemented an optional simplified method of calculating the Home Office Deduction. The intention was to reduce the paperwork and record keeping burden on small businesses. Limited and … Read More
by Alex Franch, Tax Specialist Divorces can get pretty ugly, and alimony can feel like a bounty after mutiny. After all, money is often on the top of the agenda. Kids are expensive, so let’s lump them … Read More
By Thomas J. Holmes, JD Chief Tax Specialist, Co-Founder, and Partner at Joseph Cahill & Associates / WorthTax Seniors often face the prospect of entering a nursing home to receive long-term care. At other times, the … Read More
by Alex Franch, Tax Specialist What types of taxes are you paying? Or another way to ask this is, what are the different types of taxes are you paying? 1. Federal income tax (The more you make … Read More
by Cindy Toran, Tax Manager How does cancellation of debt become tax free? Is Federal versus Massachusetts different? Generally debt forgiveness for a borrower who is personally liable on a loan is taxable income unless one … Read More