Director of Mis-Information – Filing False Returns
It is important that you report your income, even if your income is “earned” through illicit means. Contact our office today to discuss tax preparation services. Steven Russo of Pennsylvania pleaded guilty to filing false tax returns and wire fraud after embezzling 2.79 million dollars from a former employer. Russo was the company’s Director of […]
Tax Return Preparation – Are You Deducting Everythign You May Be Entitled To?
Some Music Lessons may be deductible on your Schedule A Both the clarinet and music lessons are tax deductible. This is due to a 1962 provision added after orthodontists argued that playing the clarinet helps with a child’s overbite and should qualify as a medical expense. At McCauley Law Offices, P.C., our lawyers will find […]
What Are the Odds? This Family Gambled And Lost, and Dad Went to Prison
The IRS has always pursued individuals for under reporting of income; especially gambling income. Its important that you report your gambling winnings and losses, even if you lost more than you had won.  See Publication 525, Taxable and Nontaxable Income, for rules on gambling and Publication 529, Miscellaneous Deductions, for more information on losses. Publication 529 also lists specific […]