Charles Corsello

About Charles Corsello

Charlie Corsello, a graduate of Georgetown University, is a licensed enrolled agent who has been working in the tax resolution industry for over 10 years now. He is a previous owner of a tax resolution firm. Consequently, after opening a tax resolution firm, he became a tax professional, passing. Finally, Charlie regularly contributes by providing blog posts and tax articles.

Why is There So Much Interest in Candidate Tax Returns?

Candidate Tax ReturnsIt’s become almost a matter of course: If you are running for public office, you are expected to release your tax return each year. This is especially true if you are running for “higher” offices. Most mayoral candidates aren’t expected to release their tax returns, but if the candidate […]

Business Tax Deductions: Deduct Your Travel Expenses

tax deductible business travel expensesSometimes, travel is necessary in order to improve your business. The good news is that the IRS allows you to deduct many of the expenses that come with your business-related travel.

You do need to be careful, though. Make sure that your expenses are truly related to business, and that […]

HSA Tax Benefits, IRS Rules & Contribution Limits for 2011

HSA Tax BenefitsAs you complete your tax planning for this year (and continue to plan for the future), it is important to take the time to consider the many advantages associated with utilizing a Health Savings Account (HSA). If you are looking for additional ways to lower your taxable income through tax-advantaged savings account, […]

Foreclosure IRS Tax Implications: What Taxes You May Owe

foreclosure taxesHome foreclosures are still a major problem around the country with foreclosure starts jumping nearly 20% from July through August according to a report by Lender Processing Services. If losing a home is not one of the worst things that can happen, to add insult to injury, a taxpayer may owe Federal and/or […]

Understanding Taxes on Qualified & Non-Qualified Stock Options

taxes on stock optionsStock options are a common way to compensate employees or retain employees.  A stock option is a benefit given to an employee whereby the employee can purchase a certain number of shares of their company’s stock in a specific time frame at an established price. Stock options often cost a […]

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