Common Tax Forms
Individual Tax ResourcesIf you’re reading this post, you are probably wondering what tax documents you should be on the look out for, whether in your email inbox or in your postal mail box. While not exhaustive, below […]
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Reminder: Donations this Giving Tuesday May Help Reduce Tax Bills
Individual Tax Resources, Tax TipsThis Giving Tuesday, remember that donations to eligible organizations, cash or non-cash, are tax deductible and may reduce your tax liability come spring filing season. Are you eligible to claim charitable donations on your taxes?
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Year-End Tax Moves – Speculating on President-Elect Trump’s Tax Cuts
Business Resources, Individual Tax Resources, Tax TipsPresident-Elect Trump declared in several interviews that lowering taxes is one of his top priorities. Those that are betting on him delivering this promise and passing reformation through a Republican controlled congress should consider deferring
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When to File? Important Changes to Due Dates and more
Business Resources, Individual Tax Resources, Tax DeadlinesAs the 2016 tax year winds down, there is no better time than now to get your finances in order. Let’s face it, the last thing you want to think about during the holiday season is
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Year-End Planning: Tax Brackets and the Marriage Penalty
Individual Tax Resources, Tax TipsAs if you didn’t already have enough things to consider when planning your wedding, postponing or accelerating your wedding date could help you come out ahead from a federal tax standpoint. While the lower brackets (10% and
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Recently Divorced or Seperated? Here’s What You Need to Know
Individual Tax Resources, Tax TipsWhile taxes may be the last thing on your mind when going through a divorce, these events can have a big impact on your income. Alimony and a name or address change are just a few
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The Sharing Economy & How It Impacts You
Individual Tax Resources, Tax TipsThe IRS recently launched a new resource center on IRS.gov aimed at providing tips for individuals that are taking part in the sharing economy. The past few years, the sharing economy has changed the way
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Five reasons you should open a Health Savings Account Now!
Business Resources, Individual Tax ResourcesWe’ll save you some time and start off by saying, HSA’s only benefit individuals and families who are in a high deductible health insurance plans (HDHP), not enrolled in Medicare, and are not claimed as
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Three Qualified Medical Expenses that are sure to surprise you!
Individual Tax Resources, Tax TipsWhile digging though past court cases and IRS memos, we found these three surprising instances where medical deductions were allowed for not-so medical expenses: Mis-lead – A taxpayer, who’s child who was treated for lead
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Summertime brings Scammers
Individual Tax Resources, Tax TipsThere has been an increase in IRS phone and email scams in recent months. Please be on the lookout and remember: An IRS agent will never call about money owed without first mailing you a
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Three Tips for Starting a Business
Business Resources, Tax TipsWhen starting a business, understanding your tax obligation is one key to business success. With the internet and the wealth of information found on the web, it’s easy to be misinformed. Hopefully this post will clear
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