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Not All Home Mortgage Interest Is Deductible; The IRS is Watching

By Joaquin On February 20, 2016 · Add Comment
Not All Home Mortgage Interest Is Deductible; The IRS is Watching Article Highlights: Acquisition Debt Equity Debt Tracing Excess Debt Unsecured Election One of the current IRS audit initiatives is checking to see if taxpayers are deducting too much home equity debt interest. Generally, taxpayers are allowed to deduct the interest on up to $1 [...]
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REAL ESTATE DEVELOPERS AND CONTRACTORS DON’T MISS OUT ON THIS TAX DEDUCTION

By Joaquin On February 1, 2016 · Add Comment
Domestic Production Activities Deduction The Domestic Production Activities Deduction went into effect in 2005. It was established to provide tax relief for businesses that produce goods in the United States. The objective of this deduction is to increase production and employment in the United States. As a result, in order to qualify for this deduction [...]
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Tax Appeals – A Personal Perspective

By DJAccountAdmin On May 30, 2012 · Add Comment
Many years ago, I worked with a man who fought the IRS on a specific tax he felt was unfair.  Every few weeks he would give me an update as it went through the Appeals process in the administrative forum. The IRS uses an administrative forum process to settle most tax disagreements to avoid going [...]
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  • D&J Accounting & Tax Services, Ltd. • 4950 N. Harlem Avenue • Harwood Heights, IL 60706 • T 773-237-7400 F 773-237-2822 mówimy po polsku
  • Home
  • About
  • Services
  • Conference Center
  • QuickBooks
  • Payroll
  • Part Time CFO Services
  • Blog
  • Cash Flow Management
  • Strategic Business Planning
  • New Business Formation
  • Tax Services
  • Tax Preparation
  • Tax Planning
  • Tax Representation
  • Bankruptcy
  • Calculators
  • Contact Us
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