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Outrageous Tax Deductions

The Minnesota Society of CPA’s (MNCPA) released their annual list of outrageous tax deductions.  The MNCPA surveyed member CPA’s for their most outrageous deductions clients tried to claim on their individual tax returns.  Below is the MNCPA list and a few of our own. Questionable dependents: Attempting to claim “Fido” as a dependent is popular amongst clients […]

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Tax Season 2015 is now underway

The IRS threw open the doors Tuesday, kicking off the tax season 2015 for individual filers.  The IRS’s Modernized e-File system began accepting individual tax returns on the 20th of this month. The IRS began accepting business returns on the 9th. While IRS commissioner John Koskinen said he was “delighted that the filing season is […]

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