Generally, all sources of income are subject to income tax unless specifically excluded. Here are some sources of money that are not taxable: Read more
https://www.kellerowens.com/wp-content/uploads/2011/11/money-to-irs.jpg474422Keller & Owenshttps://www.kellerowens.com/wp-content/uploads/2015/11/logo.pngKeller & Owens2012-10-18 15:04:032012-10-18 20:58:44Is All My Income Taxable?
With the recent economic downturn experienced by many taxpayers, there is a tax concept that is very important: cancellation of debt. You would think that the cancellation of debt by a credit card company or mortgage company would be a good thing for the taxpayer. And it can be, but it can also be considered taxable income by the IRS. Here is a quick review of various debt cancellation situations. Read more
https://www.kellerowens.com/wp-content/uploads/2012/10/erasing-debt-from-ledger.jpg357559Keller & Owenshttps://www.kellerowens.com/wp-content/uploads/2015/11/logo.pngKeller & Owens2012-10-09 19:08:182012-10-18 20:58:09Forgiven Debt Can Be Taxed As Income
Keeping costs under control is crucial in today’s challenging business environment. Without a doubt, one of the quickest ways for a business to cut costs is through staff reduction. But cutting jobs is not always the best cost-cutting strategy. Read more
https://www.kellerowens.com/wp-content/uploads/2012/10/save-in-red-letters.jpg447447Keller & Owenshttps://www.kellerowens.com/wp-content/uploads/2015/11/logo.pngKeller & Owens2012-10-09 19:01:042012-10-18 21:21:06Tips for Cutting Costs in your Business
There are many reasons why the Internal Revenue Service could be contacting you. Some contacts involve very minor corrections; some are for serious changes that could involve a lot of money. Sometimes the IRS is correct in what they are seeking; sometimes they are wrong. Read more
https://www.kellerowens.com/wp-content/uploads/2012/06/IRS-cabinet.jpg365549Keller & Owenshttps://www.kellerowens.com/wp-content/uploads/2015/11/logo.pngKeller & Owens2012-09-10 16:33:062012-10-02 02:36:34Don't Panic if the IRS Sends You a Letter
Is All My Income Taxable?
/in Newsletter /by Keller & OwensGenerally, all sources of income are subject to income tax unless specifically excluded. Here are some sources of money that are not taxable: Read more
Forgiven Debt Can Be Taxed As Income
/in Newsletter /by Keller & OwensWith the recent economic downturn experienced by many taxpayers, there is a tax concept that is very important: cancellation of debt. You would think that the cancellation of debt by a credit card company or mortgage company would be a good thing for the taxpayer. And it can be, but it can also be considered taxable income by the IRS. Here is a quick review of various debt cancellation situations. Read more
Tips for Cutting Costs in your Business
/in Newsletter /by Keller & OwensKeeping costs under control is crucial in today’s challenging business environment. Without a doubt, one of the quickest ways for a business to cut costs is through staff reduction. But cutting jobs is not always the best cost-cutting strategy. Read more
Recordkeeping Tips from the Pros
/in Newsletter /by Keller & OwensIf you want to give your tax recordkeeping skills a performance boost, do what accounting professionals do. Read more
Don’t Panic if the IRS Sends You a Letter
/in Newsletter /by Keller & OwensThere are many reasons why the Internal Revenue Service could be contacting you. Some contacts involve very minor corrections; some are for serious changes that could involve a lot of money. Sometimes the IRS is correct in what they are seeking; sometimes they are wrong. Read more