Author Archives: Tami R. Benus, CPA

Small business owners and self-employed individuals who work from a home office may be overlooking a common deduction. The IRS encourages small business owners to explore the guidelines surrounding home office deductions and learn more about the options available. Check out Publication 587, Business Use
Read More

Even though your chance to be audited may be slim, there’s still a bright side if you do. You could get an additional refund. Of the approximately 1.1 million audits performed in fiscal year (FY) 2017, nearly 34,000 resulted in extra refunds for taxpayers. Those
Read More

The average IRS audit rate of 0.62% is the lowest in 15 years, but beware: the IRS still catches math errors, typos and missing forms.

There are a lot of ways a business appraisal can help business owners. Take a look at why you should consider getting one.

Getting married this year? Make time to plan how your tax status change will affect your 2018 taxes.

Congress cracked the whip on home equity interest tax deductions in 2018. Now only loans used to buy, build or improve your home will be deductible. That means if you used a home equity loan to consolidate debt or fund a purchase that was not
Read More

Beware fake IRS agent scammers calling to collect a refund “in error.” The real IRS will never call and demand you send back a refund.

If you used a home equity loan to pay debt or make a non-home-related purchase, starting in 2018 you can no longer deduct the interest.