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Can I Deduct my Home Office?

If you use part of your home for business, you may be able to deduct expenses for the business use of your home. The home office deduction is available for homeowners and renters, and applies to all types of homes. If you use...
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What are FBAR Penalties?

Every year, under the law known as the Bank Secrecy Act, if you have an FBAR filing requirement, you must report certain foreign financial accounts, such as bank accounts, brokerage accounts and mutual funds, to the Treasury Department and keep certain records...
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What is an FTB Claim for Refund?

Many taxpayers wonder if they should file an FTB claim for refund. A claim for refund is a request for reimbursement of amounts that you have previously paid. Generally, if you have paid your balance in full you will file a formal claim....
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