As a long-time tax preparer, I have learned that there is a special language sometimes used in dealing with the IRS. I call this language “Taxlish.” I am not encouraging the use of this language, because it can lead to problems in an IRS audit examination, but I have assembled a Lexicon that translates common… Read More

I recently wrote this letter to a client of mine who purchased a house and wanted to know what to deduct: Q:  I bought a house – what do I deduct? A:  “Dear Andrew… Congratulations on your home purchase.   Your home mortgage interest and property taxes are tax-deductible so you are now going to be… Read More