As we move to the end of the calendar year, here are some things to think about to save yourself headaches when tax time rolls around… Extra Income Like many Americans you may have felt the income pinch in the last year, or you may be doing...Read More
Tax Identity Theft!
Identity theft is concern for most citizens, and we are bombarded with ads, suggestions and warnings every day. Perhaps you are reacting to this by being extra careful with your debit card at gas pumps or at restaurants. That’s a good start, but...Read More
Tax Preparation Tips
It’s Tax Time – you see it everywhere; ads for do-it-yourself tax programs, strange documents coming every day in the mail, papers piling up… it’s enough to make you want to bury your head in the sand, right? Well…don’t. Do yourself a Big Favor...Read More
Tax Deadlines – Check These Dates!
In the last blog we discussed the Extension deadline for people filing their taxes late. Here we fill you in on all the other dates you should be aware of. The Quick List of Deadlines by Category: May through April Deadlines falling on a weekend...Read More
What does ‘Adjusted Gross Income’ mean?
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 More
Home Office Tax Deduction
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 More
Form 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 More
The 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 More
Checklist 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 More
Getting 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 More