Declaring Business Use of a Personal Vehicle

When your job status is as an employee, only a few deductible expenses apply to you. One of these is using your own car for business purposes. If you qualify, you can claim a portion of your car operating expenses, […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

How Does the Equifax Breach Affect Me?

With over 143 million people exposed in the Equifax data hack of July 2017, there’s a good chance you’re affected if you have a credit rating. There’s perhaps little comfort in the dozens of class action suits stemming from the […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Get the Best Deal on Your Car Loan

Aiming for the best price on a new car is a simple matter of comparison, then avoiding the onslaught of up-charges thrown at you at the dealership. However, the purchase price isn’t your only expense. Financing has costs of its […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

The Mid-Year Tax Tune-Up

So April 15 has come and gone, and income tax is off your mind until next spring. However, summer is a great time to think about last tax year and adjustments you can make with time for these to take […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Alternatives to a Roth IRA

High-income households may find retirement savings beyond the 401(k) method daunting. Depending on tax filing status, higher income earners may contribute after-tax amounts to a Roth IRA, thanks to recent Internal Revenue Service changes. Notice 2014-54 outlines how pre- and post-tax […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Spend Your Refund Wisely

Your tax refund really represents the amount you overpaid for the previous tax year. That’s your money that’s been sitting idly in a government bank account. Your cash was busy earning interest for said government while waiting to be reunited […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

What is LIBOR and How Does It Affect Me?

An acronym for London InterBank Offered Rate, LIBOR is the benchmark interest rate international banks use for loans between each other. There are separate rates for one-day, one-month, three-month, six-month as well as one-year loans. The news agency Reuters publishes […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Does Trump’s ACA Order Affect Me This Tax Season?

There’s much confusion about what the President’s executive order about the Affordable Care Act, issued on January 20, 2017, really means in substantive terms. While it’s been clear for some time that the Republican party’s stance is full repeal, that’s […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.

Paying for School – The 529 Plan

Like everything else, the cost of post-secondary education rises each year. Young parents can be overwhelmed at the prospect of this major, down the road expense. There’s no real magic solution. If there’s magic at all, it’s in the effects […]

About Paul Gaulkin CPA

Paul Gaulkin is a Certified Public Accountant and enrolled with the U.S. Treasury to practice before the IRS. Mr. Gaulkin possesses unique technical knowledge in the process of securing relief for taxpayers nationwide with IRS and State tax problems. With an accounting degree from Florida International University, he is able to transform complex tax and accounting problems into easy to understand solutions.