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 […]
Has the IRS filed a Federal Tax Lien against your house in someone else’s name?
Our office often receives calls from Taxpayers claiming that the IRS has filed a Federal Tax Lien, IRS Form 668(Y), against their house, but the lien is in someone else’s name. Unfortunately this is very common as the IRS cannot always get it right. That said, it is important that you make sure the Lien […]