Menuhin Michael - Income Tax and Acctg Svces

Five guys committed a $13 million tax fraud. Here’s how much prison time they’ll do

Miami-Dade residents Jamal Dyer, Jorge Osorio-Rodriguez, Tramaine Sealy, Jonathan Edwards and Daniel Murias each have been sentenced to do federal prison time after pleading guilty to a $13 million tax fraud

What Are the Differences Between an Accountant & a CPA?

Tax preparation can be a challenge for anyone. However, people with complicated needs must be especially mindful of tax obligations and deadlines. For example, if yo...

10 Questions to Ask When Considering Hiring an Accounting Firm

When you look for an accountant, you don’t just want someone who can help you reduce your tax liability and prevent trouble with the IRS. You also want someone who can help make your business better. A good

Is Hiring a CPA Worth it? 5 Tips for Getting Your Money’s Worth

Often when people find out I’m a tax accountant, I get asked, “How much does a CPA cost?” It’s like me asking “How much does a home cost?” We all understand that a 1,000 square-foot home in Kansas has a different cost than a 1,000 square-foot penthouse condo in New...

Tax Deductions You Won't Believe

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

IRS Tax Tip: Ten Tax Tips For Individuals Selling Their Home

The Internal Revenue Service has some important information for those who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may be able to exclude all or part of that gain from your income.Read more →

10 Questions To Ask Your CPA

If you are hiring an accounting or tax and business firm, it should go without saying that you have a CPA involved in looking over all of the work. However, not all accounting firms are created e…

Deduct Those Medical Expenses! Here's How.

Medical expenses can be some of the largest deductions you report on your tax return. A big problem, however, is that there are several hurdles you need to clear before...

Households Spend More on Healthy Foods When They Get Earned Income Tax Credit

The Earned Income Tax Credit was created in the 1970s as an incentive for low-income Americans to stay in the workforce. It may also help them eat healthier food, according to new research from the Federal Reserve Bank of Chicago.

How Taxes Keep American Wealth White

The Digital Home for Duke University Professor and Left of Black host Mark Anthony Neal

Will N.J. try to tax my out-of-state income?

States offer a credit so you do not pay taxes twice on the same income.

States With No Income Tax: Is it Really Cheaper to Live in One?

Residents of seven U.S. states pay no state income tax. Sounds great, but is it really cheaper to live in one?

Is Social Security Disability Taxable?

Carbon tax could benefit poor and cut emissions, ESRI says

Redistribution of tax revenue to poorer homes ‘would reduce income inequality’

8 Types Of Non-Taxable Income

By Michael Diaz. May 7th 2016It’s almost time for tax season. Everyone knows that your earned wages will be taxed by the IRS. What many people do not realize is that there are numerous sources of income that are not taxed by the federal government. If you can increase your income from these sources, then you will reduce your overall tax burden. But what are these sources and how can you take advantage of themHere are eight sources of income that…

What is a Tax Credit?

What is a tax credit?Do you know what a tax credit is?Check out this short video from ACSTO - It does a great job explaining the private school tax credit. We encourage you to share it with your friends!