Recent News
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Employment Tax Deductions
I’ve been working this same job as Assistant Office Manager my entire life, so last week I decided it might be time to sniff out some other possibilities. Not that the perks at Law Offices of Christy Lee, P.C., aren’t much appreciated, you understand – those...
Business and Taxes
Ever thought to yourself that you might like to be in business? Chances are you probably already have been at some point in your life, at least in one form or another. Mown a lawn for cash? Business. Babysat for pay? Business. Did you put...
Tax Quotes
Don’t accuse Uncle Sam of being completely devoid of a funny bone. He has one. It’s just buried beneath a layer of concern that laughing out loud may lead to a loss of the upper hand that collects tax dollars. Hence, Uncle Sam’s humor is accompanied...
Gambling and Taxes
I think I look good sitting around the poker table in Vegas. There I am, all spiffed out in a diamond collar, groomed nails, and a satin vest. (Ix-nay on the cigar, whiskey, and entourage of fluffy line dancers all named FiFi. The boss doesn’t like it when I bring...
Tax Exempt Sports
One day when you’re idly clicking from sports show to sports show, think about the organizations being promoted – football, baseball, basketball, tennis, swimming, cheerleading, dance . . . a seemingly endless list. Now think about the fact that many of the...
Early Withdrawal of Retirement Funds
The Boss frequently treats me to discounted rates for a sound advice. But lately I’ve faced a few problems with my financial planning that I don’t want to discuss with her – if I confess that I’m thinking about digging into my retirement accounts to fund a few...
Roth IRA
I have to figure out if it’s a good idea to risk paying taxes now on funds that I will be stashing away for later, which I can enjoy “tax-free” at the time of withdrawal. The big question is: What if I don’t live long enough to take out and spend tax-free all the...
Finding A New Tax Preparer
Want to enter into a loving relationship based on faith, hope, and a shared passion for avoiding tax audits? If you’re suspicious that your current tax preparer might be cheating a bit with your tax returns, you might want to consider leaving that preparer for a new...
Retiring with a Roth IRA
Remember Uncle Roth’s command: think about tax benefits before deciding on a Roth IRA. With the Roth IRA, I don’t get the tax breaks when I make a deposit to the retirement account; I can’t take deduct the contributions at the time I make them. But I don’t have to...