Demetrius J. Karos, Ltd.

TAX REPRESENTATION FROM A FORMER IRS EMPLOYEE

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Do Not Ignore the IRS

If you receive a notice from the Internal Revenue Service, you must answer the notice within a specific time. Failure to respond could result in an assessment and more expensive to unwind.Here are a few tips to deal with an correspondence from the Internal Revenue...

Know Your Vacation Home Rules

Just because you own a vacation home does not mean you automatically get to write off everything related to the ownership of the vacation home. Here are a few tips. IRS Tips about Vacation Home RentalsIf you rent a home to others, you usually must report the rental...

Got Gambling Winnings?

Many taxpayers will have gambling winnings. Be advised that these winnings cannot be ignored and there are specific ways to report the winnings and the dreaded losses. Winnings that are not reported may come back as a surprise when the IRS issues a matching...

Identity Theft and Your Tax Return

Identity theft is a common problem in our society and has become an epidemic in the field of tax preparation. If you are a victim of identity theft, don't blame the preparer. Do follow these steps if you are a victim of identity theft. Ten Things to Know about...

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