Entering retirement is a completely new phase of life not only in terms of career and possibly in terms of your living situation, but financially as well. Employer income typically replaced with Social Security and combined with either a pension or IRA/401K withdrawal. On top of that, you still may be maintaining a part-time job […]
Important Tax Tips for Seniors Read More »
It is always a good idea to start preparing for tax day at the beginning of the year. You should have most of your W2s from employers, bank statements, and other documents needed to complete your 2014 return. Now it is just a matter of putting everything together and getting your return filed. Toward that
10 Tax Deductions You Probably Never Heard Of Read More »
Each year we deal with the hustle and bustle of the holiday season and we often fail to realize that there are tax-planning moves we can (and should) be making to minimize our tax burden for the year. While it is true that your taxes are not due until April, the amount you will pay
4 Year End Tax Moves for Individuals Read More »
The 2014 mid-term elections are now in the history books, and one thing analysts from all ends of the political spectrum agree on; the Republican Party had a good night. The GOP not only took control of the U.S. Senate (their primary goal for this election cycle), they also expanded their majority in the House
How the Recent Elections will Impact Future Tax Policy Read More »
In addition to being the month when we celebrate our nation’s independence, July is also National Anti-Boredom Month. Occurring in mid-summer, July is that ‘in-between’ month when most graduation celebrations are completed and it is a little too early to be thinking about your kids going back to school. Many suggestions are made each year
Overcome Boredom by Organizing your Paperwork Read More »
Working at home is a new experience for many, and in today’s economy, it is becoming more common. If you work from home as an independent contractor (freelancer), you are responsible to take care of your own tax withholdings and keep track of expenses you are able to deduct. Though there are many advantages to
How to Track Expenses for Work at Home Individuals Read More »
There are times when a business decides that moving offices is beneficial for the growth of the business and/or for budgetary reasons. Changing locations can be an exciting time for a growing company, but it can also get expensive. Thankfully, the IRS has several allowable deductions you can take advantage of when you move. What
What Office Moving Expenses Can Be Deducted? Read More »
In Part I of this series, we covered some of the important tax breaks that expired at the end of 2013. Now we will look at some of the important additions to the tax code in 2014. Unfortunately, not all of these additions are positive. Individual Health Insurance Mandate The tax law change that impacts
After the Filing Deadline: Important Tax Changes for 2014 (Part II) Read More »
The April 15 filing deadline has come and gone. Hopefully, you were able to optimize your tax savings in 2013 and thus minimize your tax liability. If you are uncertain about your taxes for 2013, it is not too late to revise your return; speak to a tax professional if you think there may be
After the Filing Deadline: Important Tax Changes for 2014 (Part I) Read More »
In Part I, we looked at the scenarios where you would be exempt from filing an income tax return, as well as some common exceptions to the general rule. Now we will look at some reasons why you probably should file an income a tax return, even if you have the legal right not to
Who is Exempt from Filing an Income Tax Return? (Part II) Read More »
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