about 1 year ago - No comments
IRS Tax Tip 2011-09 http://bit.ly/dIRI0S The first step to filing your federal income tax return is to determine which filing status to use. Your filing status is used to determine your filing requirements, standard deduction, eligibility for certain credits and deductions, and your correct tax. There are five filing statuses: Single, Married Filing Jointly, Married [...]
about 1 year ago - No comments
IR-2010-126, Dec. 23, 2010 http://bit.ly/h21QkW WASHINGTON — Following last week’s tax law changes, the Internal Revenue Service announced today the upcoming tax season will start on time for most people, but taxpayers affected by three recently reinstated deductions need to wait until mid- to late February to file their individual tax returns. In addition, taxpayers [...]
about 2 years ago - No comments
There are a couple new tax and financial planning issues affecting our clients for the 2009 tax season, so be aware: 1. Every disaster needs a new tax law…apparently. We, like the rest of the world, were saddened by the tragedy of the Haiti earthquake, and, like so many, were inspired to donate what we [...]
about 2 years ago - No comments
Each year, the IRS announces the most common blunders that taxpayers make on their returns. One of the most prevalent – every single year – is forgetting to enter Social Security numbers on the top of returns, so double-check those forms! Another yearly occurrence done by millions of taxpayers is overpaying their taxes by overlooking [...]