Perry Webb, President of local accounting firm, Webtax, an enrolled agent licensed to practice before the Internal Revenue Service and a Registered Tax Return Preparer, offers insight and advice for the tax season. Check back each Monday for new tips!
- For 2013 Gift Tax purposes, the per-donee exclusion for gifts is $14,000.
- According to the IRS, a landlord can deduct almost all of his expenses associated with renting his property. Make sure you understand tax deductions available to landlords.
- Remember to report job-related expenses you incurred as an employee, which were not reimbursed by your employer.
Webtax is a tax specialist and accounting company with 13 offices in and around the Charlotte area. Webtax is family owned and operated, providing the same great service today as they did when they opened their doors over 50 years ago. To learn more visit http://prep.1040.com/webtax or call 704-568-6421.
