According to the IRS, to be deductible, an expenditure must be both “ordinary” and “necessary” in connection with your profession.? The IRS defines “ordinary” as common and accepted in a particular profession and... From IRS Tax Tips: Your children may help you qualify for valuable tax benefits. Here are eight tax benefits parents should look out for when filing their federal tax returns this year. 1.?Dependents.? In most cases, you can claim your child as a dependent. This... We’re happy to start a monthly “Tax 101” Series! We’ll feature?basic topics of taxes and hopefully answer those questions that you maybe felt were “too silly to ask” a CPA in person.? And please let us know if there are topics... Have a listen to Rick Schwartz’s Tax Season 2013 Update! Take a peak at Andrew’s article for Oncology Practice Management. Lots of tips to cut your 2013 taxes and advice for 2014.