AIRBNB and VRBO Can Spell Tax-Free Income

This past tax season we noticed an uptick in the number of clients who rented out their homes through websites such as?airbnb?and?VRBO.? Moreover, we saw a number of clients ask us how they would be taxed if they were to rent out their home on a short-term basis...

This Year’s Most Interesting Tax-Season Observations

by?Andrew D. Schwartz, CPA, Founder of The MDTAXES Network At some point during each tax season, there is a moment when I notice a recurring trend or theme that is unique and fascinating to that specific tax season. So what is this year’s most interesting trend?...

New Overtime Rules Take Effect Dec. 1st

The Department of Labor has a new overtime rule that takes?effect Dec 1, 2016.? To summarize, if an employee is being classified as an exempt employee (and not currently being paid for any overtime), then their salary must be at least?$913 per week, which equates to...

Get Your Mid-Year Projections

Want to make sure you?re taking steps to reduce your tax burden for 2016? Do you have self-employment income, multiple sources of income, or a job change in 2016? If so, our Mid-Year Tax Projection Service will help! We?ll calculate a mid-year tax projection, adjust...