Most people file a tax return because they have to, but even if you don’t, there are times when you should–because you might be eligible for a tax refund and not know it. The six tax tips below should help
Recent tax reform legislation affected many provisions in the tax code. Many were modified, either permanently or temporarily, while some were repealed entirely. Â BASC Expertise tax preparation Gilbert can guide you.Here are five that survived. 1. Mortgage Interest Deduction While
You can pay your child to work in your business and get paid for paying your child. BASC Expertise business accounting Mesa can guide you. The basic mechanics of this are (a) you deduct the wages and (b) your child
U.S. citizens and resident aliens use one of three different forms for filing individual federal income tax returns: 1040EZ, 1040A, or 1040. If you’re wondering which form you should use, keep reading. BASC Expertise tax preparation Gilbert can help you. Form
If you donated a car to a qualified charitable organization in 2017 and intend to claim a deduction, you should be aware of the special rules that apply to vehicle donations. BASC Expertise tax preparation Mesa can help you. Note: You
Does your rental property activity meet the definition of a trade or business activity? If yes, your rentals produce the best possible tax benefits. BASC Expertise small business accounting Gilbert can guide you. In general, you report your rental properties
Earlier is better when it comes to working on your taxes but many people find preparing their tax return to be stressful and frustrating. Fortunately, it doesn’t have to be. Here are six tips for a stress-free tax season. BASC
Form W-2 You should receive a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your federal tax return. Employers must furnish this record of 2017 earnings and withheld taxes no later than January
The office-in-the-home deduction produces good-to-excellent cash benefits when it eliminates commuting mileage. That’s the result you achieve when you claim an administrative office in your home. BASC Expertise small business accounting Mesa can guide you. To qualify for the home-office
Tax reform created a new 20 percent tax deduction for select pass-through entities. Will your business operation create the 20 percent tax deduction for you? BASC Expertise business accounting Mesa can help. If not, and if that is due to
