Amended returns aren’t just for correcting errors. Amended returns, known as a 1040X, can be filed to take advantage of deductions or credits that you …

The IRS Does Engage In Revisionist History… Read More »

To Extend, or Not To Extend? As we approach April 18th (not April 15th, as explained here), one thing that may be beneficial to consider …

To Extend, or Not To Extend? Read More »

So you sat down and wrote a hit song that just went multi-platinum.  The song grossed $1,000,000 and you go to pick up your royalty …

“If You Walk the Street, They’ll Tax Your Feet” Read More »

Do you own a business that hired contractors in 2015?  Did you pay rent?  Hire an attorney?  If so, you may be subject to filing …

Hire Contractors in 2015? Don’t “MISC” Around With the IRS! Read More »

2016 brings us a new year, and with it new tax changes courtesy of the IRS.  Make sure you’re up to date on the latest …

Tax Day is NOT April 15th! (and Other Tax Changes for 2016) Read More »

(The following story is fictional, but describes a very real scenario) January 2014.  “John,” an employee living in Cypress, TX whose employer does not provide …

Understanding the Premium Tax Credit Read More »

Do you use your vehicle for business?  Did you use it to look for a job? If you itemize your deductions and want to deduct …

Get More Mileage Out of Your Deductions: Start a Mileage Log! Read More »

Disclaimer: Edgar & Edgar CPAs is not a law firm.  This blog is provided for informational purposes only and does not constitute legal advice.  In …

Don’t Get Burned By Frivolous Tax Arguments Read More »

“Time is money” is a commonly heard phrase in the business world, and in the world of small business it can be especially accurate. Don’t …

Seven Potential Audit Triggers for Small Business Read More »