Five Questions to Ask before Hiring a CPA
Are you in the process of searching for a CPA who can assist with helping you file your tax return? How about somebody who can provide you with the help you need to get your…
Taxes
Maximize deductions, stay tax compliant, and file with confidence. This section covers personal and business tax tips, IRS changes, and strategies to lower your taxable income and keep more of what you earn.
IRS Announces Recognition for Same-Sex Marriages
Last week the Treasury Department and Internal Revenue Service announced that all legal same-sex marriages will be recognized for federal tax purposes. This move invalidated a key provision of the 1996 Defense of Marriage Act,…
Does Your Tax Withholding Need an Adjustment?
Whether you get a tax refund or you owe taxes after completing your tax return depends largely on how much you paid in taxes throughout the year. If you receive a refund, then you overpaid.…
Lowering Your Tax Bill With the Home Office Deduction
If you’re looking for an additional deduction to help lower this year’s tax bill, consider the home office deduction. Your home office doesn’t necessarily have to be an entirely separate room. Even a section of…
Delayed Tax Refunds For More Than 600,000 H&R Block Customers
The IRS already had delays with tax refunds for millions of consumers. Now, an H&R block tax preparation error leads to delayed refunds for about 660,000 taxpayers. The affected taxpayers were those whose returns included…
Tips to Avoid Tax Identity Theft
Tax identity theft is growing in the United States. In fact, 43% of identity theft complaints received by the FTC in 2012 were related to tax fraud. The IRS received close to 940,000 fraudulent tax…
Tax Relief Scammers Ordered to Pay Over $15 Million
American Tax Relief, a company who purported to reduce consumer’s tax debt, has been ordered to pay more than $15 million to the FTC for deceiving consumers. As their name implies, American Tax Relief sold…
Four Reasons to Use Your Tax Refund on Debt
People who expect to get a tax refund this year have probably already started daydreaming and planning on what they’ll do with the extra money. Last year, the average tax refund was around $3,000. While…
Tax Season Opens January 30 for Most
Though the tax filing season is open for most taxpayers – whether they are filing electronically or on paper – on January 30th, the Internal Revenue Service will not be ready to accept returns claiming…
Options for Filing Income Taxes
At the beginning of every year, millions of Americans get ready to file their income tax return. Some do it because they know they’re legally required to file (whether you’re required to file depends on…