We pay income tax on our income. Sounds simple, right? But in truth, there is a lot of ‘figuring’ that goes on BEFORE you get to the dollar amount which tells you HOW MUCH income you pay taxes on. It’s a little complicated, but worth all your...
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...
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