It’s a fantasy many of us have at tax time: we hear about the mystical form 8829: ‘Expenses for Business Use of Your Home’, and we start to dream. We say to ourselves “I have that little desk in the kitchen where I work on reports”, or “I make...
Read MoreForm 1040 Deductions. What are they, and can they really make a difference?
The great part of working on the information for the Form 1040 is that it allows you to calculate your allowable deductions and tax credits. But what exactly is a deduction? Well, a deduction is an eligible expense that you claim in order to...
Read MoreThe Bottom Line: What’s in the Form 1040? (And why should I care?)
“Form 1040….” Gulp. The name alone can strike fear in your heart. Well, at least dread. But what is it really? It’s merely a tool for you, a way to figure out specific pieces of information. More specifically, the way to confirm with the IRS: Who...
Read MoreChecklist of Information To Take To The Tax Preparer
When you know you have to do something, but you’d rather do anything but that something, then The List is the tool to have. Just like your favorite GPS, it keeps you on track and gives you a clear way to move forward with confidence. Tax...
Read MoreGetting Things Ready For Your Tax Preparer
It may be happening to you, right now- – tax-terror brain fog. You know you should be getting your documents together for your tax preparer, but…every time you try to start… everything starts to go in slow motion, the list of things to do is...
Read MoreCharitable Giving
As you may have heard on the news, Charitable Giving is one of the bargaining chips on the table for the ‘Cliff Talks’. Whatever happens with those talks, the good news is that for the 2012 tax year, those incentives for reducing your tax...
Read MoreYear End Tax Planning 2012
The Cliff. Congress. White House. Discussions. Negotiations. These words have become commonplace in our day to day conversations. And if Congress doesn’t act before the end of the year, there is a chance that tax rates will be higher for...
Read MoreTaxes and Disasters
As people all over the United States have discovered, you can be affected by natural or man-made disasters regardless of where you live. Floods, fires, tornadoes, hurricanes, early winter storms, gas leaks, oil spills – you name it, severe...
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