Most income you receive is taxable income that is reported to you and to the Federal/State tax authorities. However, there are a few income-producing events that the IRS has said are not taxable. One of them is renting out your home or vacation property.

Camarillo Award Program Honors the Achievement

CAMARILLO April 15, 2013 -- DiSabatino CPA has been selected for the 2013 Best of Camarillo Award in the Certified Public Accountants category by the Camarillo Award Program.

Understanding the rules surrounding investment losses can really help minimize your tax obligation each year. This is because investment gains and income can be subject to a variety of federal tax rates as high as 39.6%. This and a newly minted tax law in 2013 that could add a 3.8% Medicare investment tax surcharge make planning around when to take investment losses an important tax planning subject.

There is a fine line between taking all of the travel and expense deductions you are entitled to without triggering an IRS audit.

In a recent announcement, Congress has passed a bill that will take much of the politics out of establishing student loan rates….at least for now.