Gene Salo

10 IRS Audit Triggers

10 IRS Audit Triggers

Tax season sneaking up on you? Read our complete guide to filing your income taxes. You may have recently read that the IRS is conducting fewer audits due to budget cuts. But, keep in mind that audits do happen, and that your last three tax returns are...
10 Overlooked Tax Deductions That Will Save You Money

10 Overlooked Tax Deductions That Will Save You Money

KEY POINTS Don’t rush, and take your time during the tax filing process. Get a second opinion from your financial advisor. Take every deduction you can. If you’re like most Americans, you’d prefer to pay less in taxes each year. But, in the rush to get...
10 Common IRS Audit Flags

10 Common IRS Audit Flags

You may have recently read that the IRS is conducting fewer audits due to budget cuts. But, keep in mind that the IRS still audited more than 1.2 million returns last year! To prevent fraud, the IRS continues to increase their usage of automated programs to...
Investors Beware of the Wash Sale

Investors Beware of the Wash Sale

Most investors understand that if you sell a stock, mutual fund or security for less than what you paid for it, you can claim a loss on your tax return that can be used to offset capital gains on your other investments. Actively managing your portfolio to...