Tax Policy: Obama vs. Romney

As the presidential election draws closer, understanding the tax policy of the major presidential candidates is important. Here are some of the differences: Individual Tax Rates Tax rates for 2013 are scheduled to increase for most rates with the top two rates going up the most. The top rate will increase from 36% to 39.6% …

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Deducting a Home Office When you Rent and Deducting Clothing

I had two great questions this week that I wanted to address in this post: 1. Kyle asks, “Can I claim a home office deduction for an apartment that I rent?” Answer: Great question. The answer is YES! To the extent that your home/apartment qualifies as a home office, you can deduct that portion of …

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Three Simple Questions Successful People Ask in Order to Change Themselves and the World

Being a tax lawyer, I get to meet highly successful people. Frankly, there isn’t that much of a difference between the multi-millionaires and the rest of the population, EXCEPT they tend to ask themselves three incredibly simple questions that enable them to achieve things that others can’t. Here are those three simple questions: 1. What …

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