Richard Willinger

Properly Allocate Your Combined Business & Vacation Travel Expenses

If you go on a business trip within the U.S. and add on some vacation days, you know you can deduct some of your expenses. The question is how much. First, let’s cover just the pure transportation expenses. Transportation costs to and from the scene of your business activity are 100% deductible as long as…

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Rick Willinger Featured in MidJersey Magazine on Tax Tips for Business Owners

With the start of 2016, many business owners are looking at the opportunities and challenges that lie ahead. But this may also be the right time to take a look back, especially when it comes to your income tax return. Most CPAs will tell you to start your business and personal tax planning as early as possible. This…

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Focus On Costs Of Identity Theft-Related Tax Refund Fraud

National Taxpayer Advocate Nina E. Olson recently released her statutorily mandated mid-year report to Congress that identifies the priority issues the Taxpayer Advocate Service (TAS) will address during the upcoming fiscal year, including tax-related identity theft. The report notes that in recent years, taxpayers and the IRS have been victimized by identity thieves who use stolen identity…

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The Tax Increase Prevention Act of 2014

As December waned, Congress passed and President Obama signed the Tax Prevention Act of 2014 (TIPA). This act was intended to extend more than 50 tax provisions that expired on December 31, 2013. These provisions benefit both individuals and businesses in the form of deductions, credits and other tax savers that have been present in…

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Taxpayer Bill Of Rights Recently Adopted By IRS

At the urging of the taxpayer advocate for the past seven years, the IRS recently adopted the Taxpayer Bill of Rights. While the rights are not new, this is the first time that the IRS has taken the rights previously scattered throughout the tax code and legislation and put them in one place. The IRS…

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