IRS

Tax information from the IRS and shared by Vernoia, Enterline + Brewer, CPA LLC.

Syndicated Conservation Easements

The IRS is conducting large-scale audits of land conservation transactions—targeting billions of dollars of potentially inflated deductions, hundreds of partnerships, and thousands of investors.

US Military Member Tax Tips

When it comes to taxes, members of the military often have unique circumstances. IRS.gov has info on several topics that affect current and former military personnel, as well as their families. Here are resources where people can go to find more information.

Know Your Filing Status

When a taxpayer files their tax return, they need to know their filing status. What folks should remember is that a taxpayer’s status could change during the year. So, any time is a good a time for a taxpayer to learn about the different filing statuses and which one is best for them.

Medical Expense Deduction for Genetic Testing

Genetic testing added to growing list of deductible expenses In recent years when presented with the opportunity, the Internal Revenue Service (IRS) has identified a number of expenses as qualifying medical expenses for purposes of the itemized deduction for medical expenses or for qualified distributions from health savings accounts or flexible spending accounts.

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