FAQ: How are vacation homes taxed?
Vacation homes offer owners many tax breaks similar to those for
primary residences. Vacation homes also offer owners the
opportunity to earn tax-advantaged and even tax-free income from a
June 2013 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important tax reporting and filing data for individu...
Early planning can make 2012 filing season easier
The new year brings a new tax filing season. Mid-April may seem
like a long time away in January but it is important to start
preparing now for filing your 2011 federal income tax return.
FAQ: Does sick pay get any special tax treatment?
The term "sick pay" can refer to a variety of payments. Some of
these payments are nontaxable, while others are treated as taxable
income. Some of the taxable payments are treated as compensation,
FAQs: When can I deduct job-hunting expenses?
Job-hunting expenses are generally deductible as long as you are
not searching for a job in a new field. This tax benefit can be
particularly useful in a tough job market. It does not matter
FAQ: What is a tax return transcript?
Taxpayers can request a copy of their federal income tax return and
all attachments from the IRS. In lieu of a copy of your
return (and to save the fee that the IRS charges for a copy of your
Watson & McDonell, PLLC is committed to the highest standards of excellence based on core values of professional integrity, dedication, and community. We excel because of our creative and intelligent approach to problem solving, our breadth and depth of training and experience, and our commitment to serving our clients. Our primary mission is to provide our clients with the most complete and accurate attest and tax services possible, and to do so in a timely and efficient manner.
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As you browse through our Website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors (in our Internet Links section).
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