Individuals should review their withholding and avoid having too little (or too much!) federal income taxes withheld from their paychecks. Nobody likes a surprise in April, so it’s best to review your withholding for the […]
Worried About Owing Taxes at Year-End? Read More »
The IRS mails millions of letters every year to taxpayers for a variety of reasons. Many of these letters are computer generated. It’s important to keep the following tips in mind if you are ever
How to Handle an IRS Letter Read More »
Being a parent can have its benefits. This is especially so during tax time. No, your kids will probably not help you sort through your tax receipts, but you can certainly claim some child-related tax
Child Related Tax Benefits For Reducing Your Tax Burden Read More »
Tapping into your 401(k) as if it were a rainy day fund should always be a last resort. Many individuals are not aware of the negative tax implications of an early withdrawal from a retirement
What Is The True Cost Of An Early Withdrawal From Your 401(k)? Read More »
It seems like every software company is moving to the cloud, cashing in on reoccurring revenue streams, and Intuit is no different. When QuickBooks Online was first released quite some time ago, the biggest issues
Deciding between QuickBooks Online and QuickBooks Desktop? Here’s What You Need to Know! Read More »
This 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?
Reminder: Donations this Giving Tuesday May Help Reduce Tax Bills Read More »
President-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
Year-End Tax Moves – Speculating on President-Elect Trump’s Tax Cuts Read More »
As 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
Year-End Planning: Tax Brackets and the Marriage Penalty Read More »
While 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
Recently Divorced or Seperated? Here’s What You Need to Know Read More »
The 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
The Sharing Economy & How It Impacts You Read More »
While 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
Three Qualified Medical Expenses that are sure to surprise you! Read More »
