Special Tax Forms 101

July 9th, 2014 at 11:00 am — By admin

For most U.S. taxpayers the tax filing process is usually limited to the 1040-EZ or 1040 long form, used for the annual tax return in order to claim deductions and credits necessary to lower the amount owed in taxes and hopefully increase the amount of money due as a refund. In some situations however, your… Continue reading

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The Biggest Tax Mistake You Are Making

July 7th, 2014 at 11:00 am — By admin

If you’re a small business owner or sole proprietor, the biggest tax mistake you’re making may have nothing to do with the actual filing of your return. It could have everything to do with your estimated tax payments—specifically when you fail to pay them. Failing to pay your quarterly taxes could lead to penalties come… Continue reading

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How New Same-Sex Marriage Laws Are Impacting Taxes

June 28th, 2014 at 11:00 am — By admin

With more and more states legalizing same-sex marriage, many long-time partners can finally enter legally recognized unions. But many of these happy couples will find their tax returns looking a bit different (and perhaps more complicated) the next time they file. Here are some common tax questions answered for all the lucky newlyweds: Is Our… Continue reading

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5 Tax Deductions to Keep Track Of

June 24th, 2014 at 11:38 am — By admin

The deadline for filing 2013 taxes has come and gone, and your tax return is filed. Did you make sure to include all the deductions you were eligible for? You may have overlooked some common tax-deductible items on last year’s taxes, but they could earn you more money back next year. From charities to educator… Continue reading

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It’s Never Too Early to Prepare for Next Year’s Tax Return

June 22nd, 2014 at 11:00 am — By admin

A lot of people find the tax season stressful, but it doesn’t have to be. Here are some things you can do now to make next year’s tax season much easier, and make sure you’re poised to get the most out of your tax return. Know How Life Changes Will Affect Your Taxes A lot… Continue reading

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How Moving to Another State Affects Your Taxes

June 19th, 2014 at 12:00 pm — By admin

Moving is always a stressful experience, but it can be especially trying if you are moving to a different state. Not only is it very possible that you will have to contend with minor culture shock, but there are lots of little details to take into account. Everyone should have a checklist of things to… Continue reading

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How to Survive an IRS Audit

June 16th, 2014 at 12:11 pm — By admin

Odds are you will never be audited, as only about one percent of taxpayers receive audit requests from the IRS. However, if you do receive notification that you have been chosen to be audited, you can get through it by following some of these guidelines. Here are some tips on successfully surviving an IRS audit: Be… Continue reading

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Is the Tax Code Becoming More Complicated? You Bet.

June 13th, 2014 at 11:00 am — By R&G Brenner

Is the Tax Code Becoming More Complicated for 2013 Taxes? You Bet. Because the U.S. tax code is nearly 4 million words in length already, it’s hard to imagine how it could get more complicated. But that’s what happened for 2013′s taxes: The government continued its trend of tweaking rules, changing procedures, and generally complicating… Continue reading

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How to Invest Your Tax Return

June 11th, 2014 at 11:51 am — By admin

Everyone looks forward to receiving their tax refund each year with great expectations. Oh the possibilities! Vacation! A new dress! But wait—think twice before you spend that refund frivolously. Just like your impressive vacation tan, the thrill of spending your tax refund will fade all too quickly. Instead of blowing through your refund all at… Continue reading

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3 Reasons Your Tax Return Might be Audited

June 9th, 2014 at 11:00 am — By admin

There’s one dreaded word all taxpayers hate: audit. However, learning a little bit more about what could trigger an audit may help alleviate some of the stress associated with the process. While the prospect of an audit can seem daunting, it’s not as bad as you may think. In fact, less than one percent of all… Continue reading

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