Recently from the Blog
State Taxes on Professional Athletes
As a huge Chicago Bulls and Michael Jordan fan, I’ve witnessed how Jordan transcended the sports world through his fame and skill. Though he is widely regarded as the best basketball player of all time, few may understand how influential he was. From a marketing, economics and financial perspective, he laid a foundation that has [...]
Beware of the Risk of Financial Fraud in a Divorce
There is one thing that remains constant in these uncertain financial times, a person faced with the potential for a reduction in his or her personal net worth or income may be tempted to do whatever it takes to preserve that financial situation. As a result, forensic accounting is becoming more mainstream, financial investigations are [...]
Did you refinance your Las Vegas home? Deduct the points!
With mortgage rates hitting record lows and government programs such as the Home Affordable Refinance Program (HARP) 2.0, many Las Vegas homeowners and real estate investors took advantage of the opportunity to refinance the loans on their properties in 2012. However, correctly deducting the costs of a refinance may be a complicated matter requiring professional [...]
Charitable Contributions: Deductible or not?
There are over one million charities and foundations in the United States and these organizations rely on contributions to carry out their missions. The deduction on your tax return remains a nice incentive regardless of the various reasons donors contribute. Internal Revenue Code Section 170 outlines the deductibility of charitable contributions, including provisions on substantiation [...]
