Optional Safe Harbor Method for Determining the Home Office Deduction

In 2013, the Internal Revenue Service (IRS) provided an alternate way to calculate the Home Office Deduction called the Optional Safe Harbor Method in Rev. Proc. 2013-13. This simplified method is ideal for those who do not have adequate records of home expenses, do not wish to depreciate their home, or are renters. Under this method the “qualified business use … Continued

Alternative Minimum Tax - Delaware CPA

Alternative Minimum Tax – Not Your Average Tax Hike

The Tax Reform Act of 1969 included one of the more clever devices to hit the Internal Revenue Code in the history of tax legislation, in my opinion. While public disapproval will commonly follow anything associated with raising taxes…

Tax Planning - Delaware CPA

Welcome to A Matter of Tax

Are you feeling overwhelmed by all the complicated tax regulations?  Looking for some indispensable understanding of tax compliance and planning?  You are not the only one! BLS has been listening and answering questions from clients and friends for over 90 years and we have decided to launch our latest blog, A Matter of Tax, to share these answers and to … Continued