The Internal Revenue Service today reminded individual and business taxpayers that many energy-saving steps taken this year may result in bigger tax savings next year.
The recently enacted American Recovery and Reinvestment (ARRA) of 2009 contained a number of either new or expanded tax benefits on expenditures to reduce energy use or [...]

The tax credit for hybrid passenger automobiles and light trucks manufactured by Ford Motor Company has begun to phase out for purchases made after March 31, 2009.
Taxpayers may claim the full amount of the credit only on purchases made before April 1, 2009, because the total number of vehicles sold reached the [...]

Credit or debit card convenience fees charged for paying federal individual income taxes electronically are deductible for some taxpayers who itemize, the Internal Revenue Service announced today.
Federal law bars the IRS from paying any fees associated with these credit or debit card transactions. Card processors normally charge taxpayers for convenience fees when they use their [...]

Accurately tracking vehicle mileage is often overlooked in small business accounting and tax preparation. Either mileage is underreported due to lack of records or a fear of being audited, or it’s over-reported, also due to lack of records, or a “I know how much I drove” attitude.
Although it’s best if taxpayers have a small notebook [...]

Quickbooks for Doctors - Physicians, long on technical know how, and short on business knowledge, can now learn how to run their practices from a fellow physician. Marica Pook, MD and guests provide practical webinars on the business aspects of running a medical practice. Titled “MBA in a Day for Physicians,” physicians learn from the [...]