Yael Lazar wears the same piece of statement jewelry every day— a necklace with an  angel charm. And what a statement it makes. Yael is an attorney who specializes in tax resolution, tax preparation and audit representation. The necklace was a thank you present given...

If you owe money and either the lender forgives your debt or someone else pays your debt, usually the result is taxable income to you. The tax law calls this concept “income from discharge of debt.”  An example of this in today’s economic climate would be your...

Do you have extra money this holiday season and feeling really generous this year?  Make a year end gift to your family or friends.  The tax code allows every person to give any other person up to $13,000.00 for 2011 without incurring any gift tax.  This annual...

The Internal Revenue Service today issued the 2012 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2012, the standard mileage rates for the use...