Individuals who have received over $10,000 in cash payments must understand how to report this income and which forms are necessary. To ensure that you are reporting and… Read More
So the tax deadline has come and gone and your taxes are filed for yet another year. Now you may be wondering how long before I will get… Read More
Your accountant is not a mind reader, and unless you communicate your expectations of them, you may be surprised at what services they provide you. An accountant for… Read More
When you filed your tax return this year were you entitled to a refund? If so, was it a substantial one? Approximately 65-70% of all people who file a… Read More
Earned income is subject to federal taxes. To legally reduce the tax liability owed on earned income, taxpayers can claim deductions and tax credits when filing their annual… Read More
Most people can deduct some or all of their IRA contributions, which means there is often some scrambling right before the tax deadline as people make their IRA… Read More
When the IRS processes your tax return, they determine who owes money to whom. If you have paid an amount higher than your tax liability, you may receive… Read More
Did you make energy efficient home improvements in your home during 2010 or purchase an energy efficient vehicle? If you did, do you know that you may qualify… Read More
Did you pay someone to watch your child, spouse or other dependent during the 2010 tax year? If you did, you may be eligible for the Child and… Read More
If you are confused about the Alternative Minimum tax, you are not alone. The Alternative Minimum Tax, also known as AMT, is a tax imposed by the government… Read More