No one likes paying taxes and a large tax bill can ruin your day. In order to avoid this surprise, there are moves you can make to save money on taxes.
In many cases, if you want to learn how to save money on taxes then you will need to itemize instead of just taking the standard deduction, but the extra time it takes to do this can be well worth it. There are plenty of tax saving tips if you know what to look for.
Read MoreWhether you’re on the buying or receiving end, it’s to your advantage to understand what fair market value (FMV) is and why it’s important to every real estate transaction. This post will give you that information in detail. We’ll also discuss how FMV differs from other types of valuations encountered in the modern real estate market.
Read MoreNo one wants to pay money to the IRS. No one wants the IRS to chase them down for money, either. If you find yourself in a jam, perhaps you have had your wages garnished and now you want to stop IRS wage garnishment, what do you do? It is possible to stop IRS wage garnishment, so don’t stress too much and continue reading to find out how to do it.
Read MoreTaxes are challenging and tax season is stressful even for those of us that are fully prepared to file our taxes. I do everything I am supposed to when it comes to filing my taxes, but every time I file my taxes, I still have the slightest feeling of dread.
I know there are red flags that cause the IRS to look twice at a tax return. If you can avoid these items in your taxes and follow the rules, you should never have to face an audit.
Read MoreMany of us file our own taxes but probably do not feel good about it, mostly because we feel rushed. If you start early, before the end of January, and compare tax software, not only can you select the right one for you, but you could get a significant discount on the software.
Read MoreI know you’d rather not think about this until April, or at least until after, say... Valentine’s Day or even St. Patrick’s. But the time to ask yourself where’s my tax refund and make sure you’re not doing anything to delay or reduce your refund is NOW. You can keep your Pentatonix CDs playing and grab an extra no-bake cookie or two, but if you can spare a few moments, I THINK you’ll find it useful to walk through a few tax-related issues with me before you take the family to see all the pretty lights tonight.
Read MoreWhen you take proactive measures to make sure you are paying the right amount of taxes throughout the year, it will not cause you as much stress when you file taxes. In an effort to help you during tax season, please continue reading to find out more about common tax definitions.
When discussing common tax definitions, it is important that we begin with a basic understanding of taxes.
Read MoreTax season is just around the corner and with it comes questions- especially if you have experienced something new in life. One of these questions- or maybe 100 of them- revolves around the tax on capital gains. And with good reason- it can get really confusing. We know that, which is why we are providing the information you need to understand this tax a little better.
Read MoreMost people don't know much about taxes besides the fact that they need to file a tax return every year. Even an individual return can be very complicated, and most people will get more money back after they file if they use a professional tax preparer.
The tax code changes on a regular basis, and even a certified public accountant or tax attorney has to work hard to keep up with all the new laws. The 2018 Tax Reform Bill brought even more changes to the table. Fortunately, we can summarize the most important ways these new reforms will affect an individual filing a tax return.
Read MoreFiling your taxes can be a pain but the sooner you file, the sooner you will get your refund. There are some things you need to keep in mind when it comes to tax prep. Before you get started on your taxes, you need to gather some documents for tax prep. It helps to make the process go much smoother so you don’t have to pause and find a document you may have forgotten about.
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