Missing the filing deadline does not automatically mean that you will be hit with penalties and interest. Interest and penalties only apply when there is tax due. However, a taxpayer can lose a refund due if they wait more than three years to file a return.

A [...]

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Home Office Safe Harbor Deduction

On January 31, 2013 By

If you are like most Oshkosh or Fox Valley business owners, you may have taken a deduction for your home office or for an area of your house used in business. Also, you may be familiar with the 43-line Form 8829, the form used to calculate an [...]

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The bulk of my work in tax return preparation is in the world (specifically the Appleton – Oshkosh area) of income tax .   I add up a taxpayer’s income, and then deduct everything I am legally able to in order [...]

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Maybe it’s because I am in the world of accounting, but any time I put money into an offering, donate to a charity, or give goods to a thrift store, I always make a mental note to keep the receipt.   Actually keeping the receipt is an entirely different matter!   I make the mental [...]

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Name Your Own Price

On February 14, 2011 By

Name your own price.   What does that even mean?   Well nobody understands your tax situation better than you do.   This assessment to determine a quote for you is good; it is really good, but it is not perfect.   Some information may not be communicated appropriately and I may quote you higher [...]

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Home Office Deduction

On February 9, 2011 By

For a lot of us, work doesn’t start at 9AM Monday morning, or end at 5PM either.   Similar to my last statement, work doesn’t stop when you leave your office at your place of business.   For many of us, we keep on working at home!   We have a designated “hands-off” area where [...]

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The Wisconsin Homestead Credit

On January 21, 2011 By

Life, Liberty and the Pursuit of Happiness are three fundamental rights that we are entitled to living in the United States. Very simple theology by our founding fathers, but as the years compounded, so did the complexity of life situations and consequentially the tax code. The intentions of this code are genuine, passed through congress [...]

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