Is it fact or fiction that if you win the HGTV Dream House that it becomes a tax nightmare? Perhaps it’s all an issue of perception and if you want to actually keep it or not. What would you do if you were the 2008 winner?

Many, many times throughout the year someone asks me if income that they received is considered taxable for federal income tax purposes. Here are a few of the items that are commonly mentioned followed by the question “Is It Taxable?”

So you owe the IRS money on your current year’s tax return or you filed your return for last year without paying the balance due and now you received a balance due notice from the IRS. Not sure what to do? Read on for some possible options.

The Republicans have focused on the story of Joe the Plumber and spreading the wealth. They used this story to label Democrats as socialists. But it is a fact that one of our first tax credits for tax and wealth redistribution was created during the Republican Reagan presidential term (per CNN).

When you prepare your personal federal tax return, or have it prepared, you choose to reduce your gross income by the amount of your allowable standard deduction or allowable itemized deductions. You cannot do both. So how do you know which one is better or which one you qualify to take?

Tis the Season – it’s time for being generous to your employees and clients and customers, to show your appreciation and to share in the spirit of the holiday season. Are those gifts deductible business expenses?

You can’t turn on a TV, Radio or Computer these days without hearing about the economy and the plummeting values of investments. So you might find yourself wondering if your losses for the year in the value of your investments is deductible for tax purposes...

Depreciation of Assets - Employees Not Included - Depreciation is a tax concept that is often misunderstood by taxpayers. What is it?

When was the first income tax levied and why? The telling of this tale of taxes is unfortunately not a child's storybook tale but there have been many big bad wolves around for years huffing and puffing and blowing hot disagreeable taxing air.

The Taxing Subject of Taxes will undoubtedly always be a taxing subject but perhaps it will be less annoying if we all try to work together toward an outcome that benefits all classes of people who together are one taxing body of people who support America our country, our home!