Tax credits are a great way to reduce your tax liability. There are two main types of tax credits – refundable and nonrefundable. A refundable […]
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Ways to lower your tax liability
There are several ways to legally lower your tax liability. A couple of ideas to lower your taxes would be to shift your taxable investment […]
Tax deductions are like free money
One of the easiest way to save tax dollars is to maximize your deductions. The more deductions you accumulate the lower your tax liability will […]
IRS Audits on the rise
Per the IRS records the number of audits on individual tax returns is on the rise. The good news (if you can consider it that) […]
Affordable Care Act Tax Provisions
The IRS has a website to help clear the air regarding the new health insurance regulations. Some of the provisions start January 1st 2013 and […]
2014 Here we come ready or not
As we wrap up 2013, I begin planning for 2014 and the implications of the new tax laws. A couple of new taxes will be an […]
10 common tax deductions you shouldn’t miss
Here are 10 common overlooked tax deductions for the tax return self preparer. 1. Alimony payments 2. Self-Employment Tax Deduction 3. Self-Employment Health Insurance Deduction […]
Is this the end of the tax free “short sale”
Currently there is a tax break for people who short sell their principal residence. Historically if you short sold your house, meaning you owe the […]
Identity theft
Identity theft is a large problem for the IRS and taxpayers. Over the years the IRS has made great strides reducing the ID theft problems, […]
Affordable Care Act Summary
Affordable Care Act Summary – Whether you agree with mandatory health care requirement or not; it’s here and I think it’s here to stay in […]