Demetrius J. Karos, Ltd. Tax Representation From A Former IRS Employee

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Posts tagged "Returns"

Don't Forget about College Tax Benefits

Now that many parents have helped their children with settling into the college or university, parents need to be reminded that our current tax law provides tax credits for certain qualified education expenses. Here is a short summary of some of the benefits available to parents.

Home Energy Tax Credits

Home repairs can be draining on your pocket book. However, some repairs help the environment and save you money on energy costs. As an incentive, the government is offering various credits to ease the pain of making these changes to your home.

Trying to Turn that Hobby into a Business?

Some taxpayers have a hobby or craft that could be a money maker. This could be almost any type of activity whereby you charge a fee or sell a product. The mere fact that you call something a business, does not mean that the IRS cannot disallow losses or expenses related to your business or hobby.

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