YOUR 4% WITHDRAWAL STRATEGY MAY NOT BE ENOUGH Get the Tax Guidance You Need to Help Live the Retirement You Desire There’s a lot of concern among industry experts about whether the popular 4% withdrawal rule can provide enough income...
Read MoreVery important information about about dependents featured in the link below: Six Important Facts about Dependents and Exemptions
Read MoreThere are two federal tax credits available to help you offset the costs of higher education for yourself or your dependents. These are the American Opportunity Credit and the Lifetime Learning Credit. Click below for more information....
Read MoreIf you have ever filled out a FASFA form for yourself or a child of yours you know how difficult it can be. Click the link above to see how the IRS is making it a little easier! Automated IRS System to help fill out FASFA
Read MoreDid you know that your children may help you qualify for some tax benefits? Here are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year. Dependents In most cases, a child can be claimed as a...
Read MoreIf you pay someone to prepare your 2012 tax return, the IRS urges you to choose that preparer wisely. Taxpayers are legally responsible for what’s on their tax return even if it is prepared by someone else. So, it is important to...
Read MoreTaxpayers who need certain prior year tax return information can obtain it from their Tax Professional or from the IRS. Here are nine things to know if you need federal tax return information from a previously filed tax return. Get a...
Read MoreDid you receive a notice from the IRS this year? Every year the IRS sends millions of letters and notices to taxpayers but that doesn’t mean you need to worry. Here are eight things every taxpayer should know about IRS notices – just...
Read MoreThe link above will take you to the IRS Website and give you information parents who work or are looking for work may need for care of their children under 13 years of age during the school vacation. Five Tax Facts about Summertime...
Read MoreThe link below will take you to the IRS Website and give you information anyone starting a business should be aware of concerning their Federal Tax responsibilities. Top Seven Tips for Taxpayers Starting a New Business
Read MoreThe link below will take you to the IRS Website and give you a list of things the IRS wants you to know about deducting costs related to your job search. Tax Benefits for Job Seekers
Read MoreThe Alternative Minimum Tax or AMT was designed in the 1960s to prevent the very rich from using deductions, credits and other shelters to avoid paying taxes, but its income thresholds did not rise with inflation. Taxpayers are not hit...
Read MoreDid you make a cash contribution to your favorite charity? Have you recently spent a weekend cleaning stuff out of your garage or basement and then donated the items to a local charity? Charitable contributions can be tax deductible,...
Read MoreDuring summer months many people sell their home and move to a new location. Many of those individuals will make a profit on the sale and still will not have to pay a single dime of additional income tax to the IRS. Generally, you have...
Read MoreDid you make a cash contribution to your favorite charity? Have you recently spent a weekend cleaning stuff out of your garage or basement and then donated the items to a local charity? Charitable contributions can be tax deductible,...
Read MoreIt is Back-to-School time and maybe time for a tax break, too. Whether you are paying for a college education or a teacher buying items for your classroom, education credits and deductions can help lower your tax bill. The Hope Credit,...
Read MoreIt used to be that taxpayers would file an extension by April 15th, and then a second extension by August 15th. Why? Because the first extension was good to extend the filing deadline by four months, and the second extension would...
Read MoreIn a tax emergency, would you be ready? Well–organized records not only help you prepare your tax return. They also help you answer questions if your return is selected for examination or prepare a response if you are billed for...
Read MoreFishing, Gardening, Golf, Sewing, Woodworking, Horsemanship, Scrap Booking, Stamp and Coin Collecting, etc. The IRS isn’t trying to spoil your fun but if your favorite activity makes a profit every year or so, there may be tax...
Read MoreYour summer vacation may mean a trip to the casino or the racetrack. What will you owe Uncle Sam if Lady Luck happens to be on your side? Gambling winnings are fully taxable and must be reported on your tax return. You must file Form...
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