What's New in the Tax Arena

Qualified Tuition and Related Expenses
The American Opportunity credit has been made permanent. This tax benefit allows up to $2,500 tax credit per qualifying student. The tuition and fees … Read More

1. Get your receipts and other paperwork compiled and organized– When January comes, you do not want to be looking frantically for receipts from the summer of 2015. … Read More

Choosing The Right Tax Problem Resolution Specialist
Dealing effectively with the Internal Revenue Service (IRS) or other state or local regulatory authorities requires specialized knowledge and experience. Only licensed tax attorneys, … Read More

U.S. citizens and residents and certain nonresidents who have a financial interest in or signature or other authority over any “financial accounts” in a foreign country are required to make … Read More

Do you currently have a home office?  If so, you should be aware that your transportation costs from your residence to another place of business may be tax deductible.  The … Read More

Education credits. If you’re attending college, or paying for a spouse or child who’s enrolled, you may be eligible to claim the Lifetime Learning Credit for 20 percent of the … Read More

The average taxpayer is not equipped to deal with an IRS problem on their own. If you’ve received a tax notice and aren’t sure what to do, turn to Pereira … Read More

We’re here to help you resolve your tax problems and put an end to the misery that the IRS can put you through. We pride ourselves on being very efficient, … Read More

As most of you are aware, as of January 1, 2014, Americans are required to have health insurance.  If you had insurance through your employer, a private exchange or you … Read More

1. Make the most of your home

Make your January mortgage payment by Dec. 31 and deduct the mortgage interest on your coming tax return. The same is true for early … Read More

Small Business Health Care Credit

Many small business owners are not taking advantage of the health care credit.  According to GAO only 170,000 small businesses claimed the credit.  It is estimated … Read More