Stephenson & Warner Inc Cpas

Five guys committed a $13 million tax fraud. Here’s how much prison time they’ll do

Miami-Dade residents Jamal Dyer, Jorge Osorio-Rodriguez, Tramaine Sealy, Jonathan Edwards and Daniel Murias each have been sentenced to do federal prison time after pleading guilty to a $13 million tax fraud

10 Common Tax Mistakes that Cost You Money [Infographic]

When you should hire an accountant

Not sure when to hire an accountant? Read more via @Xero #smallbiz guides

What is a Capital Gain Distribution?

You receive a taxable gain statement at the end of the year, but you didn't sell any investments. How can this be? Gilliland & Associates can help answer your questions.

7 Bookkeeping Habits Every Entrepreneur Should Adopt

Good bookkeeping is a foundational aspect of a healthy business. Keeping careful track of the money within your business is critical to its success.

5 Tax Tips for Millennials

Winging it on your taxes? You could be missing out on significant savings or worse yet, be endangering your finances and freedom by not knowing the basics.

Tax Deductions You Won't Believe

Here are some examples of deductions from the IRS that were permitted and some that were, uh, too creative.

David Shapiro: Why can’t the taxman cometh a little later just this once?

How do you know a planned relaxing weekend is headed south?

AMPED UP: Warner Robins family staying fit with special needs-inclusive workouts

Patty Livingston, a spin instructor at Edge Fitness in Warner Robins, says she’ll continue her workouts at home with her daughter and son for now.

3 Washington DC Home Improvements to Make With Your Tax Refunds

With the annual tax deadline behind us, consumers across the country are daydreaming about what they plan to do with their refund, which averages around $2,700. If you’re a homeowner, a great idea would be to funnel that refund into upping your home’s ROI. Here are several great home improvements you can make with that refund. …

Divorce and Taxes Who Claims the Kids on Your Tax Return

Going through a divorce can be challenging, especially if children are involved. Make sure you understand the various tax laws regarding your particular situation. Be aware of the ramifications and tax credits available to you.

Don't Toss Those Tax Records Yet!

Even though the 2017 tax due date has come and gone, and even though you have filed your 2017 tax return, you may still need to keep your 2017 tax records. Generally, tax records are retained for two reasons: (1) in case the IRS or a state agency decides to question the information on your tax returns or (2) to keep track of the tax basis of your capital assets so that you can minimize your tax liability when you dispose of those…

You Can Deduct Pet-Related Expenses On Your Tax Return (Sometimes)

The recently signed Tax Cuts and Jobs Act brought many changes to the tax laws. Unfortunately, your pets still cannot be claimed as dependents on your taxes. However, there are a few circumstances where the IRS will allow specific tax deductions for dogs and other pets, and their related expenses.

I give $30K to charities each year. What happens with my tax return?

Depending on your situation, you may find some tax savings.

Nine Questions to Ask Before Hiring a Tax Preparer

Tax season is rapidly approaching and it’s important to do your homework before hiring a tax preparer. Unfortunately, there is no “one size fits all” tax preparer. Interviewing potential preparers is the best way to find out if they are perfect for you. In 2017, the Internal Revenue Service reported that there were over 154 million individual tax returns filed – more than enough potential victims for fraudulent tax preparers to swindle.

Thinking of Dumping Old Tax Records?

Tired of having all those old tax records taking up drawer or closet space and collecting dust. Want to dump as much as you can? People often ask how long records must be kept and the amount of time IRS has to audit a return after it is filed.

Four Reasons Why Apple Should Bid on Time Warner

Apple wants to get in the content business — its future products and services might depend on it. Josh Centers explains why Apple should bid against AT&T to acquire Time Warner.