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IRS Releases Its Dirty Dozen for 2007

The IRS recently issued its Dirty Dozen for 2007, which is the latest installment of the annual tally of the most notorious tax scams, and warned people not to fall for schemes peddled by scamsters.

Business and Investment Expense Documentation

Even though there may be no question as to the deductibility of a business or investment expense, it may be disallowed by the IRS for lack of supporting documentation.

Annual Gift Tax Exclusion

The Annual Gift Tax Exclusion provides a tax advantaged way to reduce your taxable estate and make generous gifts, as well.


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