Have you ever thought that you’re paying too much income tax? You may be, if you’re not claiming all of the tax credits for which you are eligible when you file your federal tax return. These credits may significantly reduce your tax liability.
You’re almost done with your federal income tax return, and you’re already thinking of ways to spend your refund. Then, the unthinkable happens — instead of a refund, you find … Continue Reading Help! I Can’t Pay My Tax Bill
It’s tax time, and your kitchen table is littered with papers and forms. As if this isn’t bad enough, you recently paid your child’s college semester bill, and you don’t … Continue Reading Education Tax Credits
If you give away money or property during your life, those transfers may be subject to federal gift and estate tax and perhaps state gift tax. The money and property … Continue Reading Gift and Estate Taxes
Selecting a filing status is one of the first decisions you’ll make when you fill out your federal income tax return, so it’s important to know the rules. And because … Continue Reading Choosing an Income Tax Filing Status
If you are a business owner i’m pretty sure you have tons of questions related to taxes such as, what to deduct? What tax credits are available to me? Fortunately … Continue Reading 8 Strategies for Small Business Owners
Several years ago, the IRS Exempt Organizations Division published a list of the Top 10 errors they saw on the “new” Form 990 in the early years of filing that … Continue Reading Top 10 Errors Form 990 can trigger an IRS audit
If you’re in the medical field, you probably don’t have time for taxes, or you are confused about how the tax world works. Your taxes could be complicated or simple, … Continue Reading The Tax Deduction and write-off tips for nurses, midwives and doctors.
2019 Standard Deductions: As predicted, the standard deductions increased slightly from 2018 to adjust with inflation rates. For tax year 2019 the Standard Deductions are as followed: Singles/MFS- 12,200 Head … Continue Reading 2019 Income Tax Updates: