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March 2017 Archives

Everything You Need to Know About Deducting Expenses When You're Self-Employed

Deductions blog post picBecoming self-employed and working from home in many ways epitomizes the American dream. You are your own boss, instead of putting on a penguin suit every morning you get to stay in your pajamas, and there is never a line at the office coffee machine when you need a cup. But the dream of self-employment is not without its complications, especially when it comes to figuring out your taxes and deductibles. If you're self-employed and starting to freak out about doing your own taxes, take a few deep breaths. The W Tax Group's seasoned staff of tax attorneys is here to guide you through the arduous task of preparing your taxes and properly deducting what you rightfully should.

What You Need to Know About Why the IRS is Cracking Down on Wealthy Taxpayers

suitcase-with-cashSqueezing Dollars Out of Audits

The IRS has been conducting less and less audits as it's in the process of recovering from years of budget cuts. Despite its shrinking number of employees, the IRS is always looking for more ways to get money into the US Treasury. That's why for tax season 2017, the IRS is trying to find ways to get more money out of wealthy taxpayers through audits, audits and more audits. If you're a wealthy taxpayer (you know who you are), then you need to watch out for the IRS this tax season. They won't accept any funny business, and are starting to crack down on the rich more than ever.

The Dirty Dozen List of Tax Scams (2017 Edition)

The Dirty Dozen List of Tax ScamsIf you don't already know, tax scams are a HUGE business. Every year the IRS publishes a list of the 12 tax-related scams it finds most prevalent. This list is otherwise known as the "Dirty Dozen," a rather clever name coming from an otherwise stuffy IRS. While it doesn't have anything to do with doughnuts, the Dirty Dozen is a helpful list that lets taxpayers know about the schemes they might run into especially during tax season.

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