Eight Tax Facts about Exemptions and Dependents Most people can claim an income tax exemptions on their tax return. It can lower your taxable income, which in most cases, that reduces the amount of tax you owe for the year. Here are eight tax facts about exemptions to help you file your tax return. 1. […]
Income Tax Exemptions Read More »
More than 50 tax provisions, including the tax rate schedules and other tax changes are adjusted for inflation in 2017. Let’s take a look at the ones most likely to affect taxpayers like you. The tax rate of 39.6 percent affects singles whose income exceeds $418,400 ($470,700 for married taxpayers filing a joint return), up
Tax Brackets, Deductions, and Exemptions for 2017 Read More »
During tax season, one of the biggest worries taxpayers have is being audited. The idea of having your return singled out for extra scrutiny strikes fear into many. As an accounting firm, our job is not to help our clients avoid an audit, but rather to ensure that the return will stand up to IRS
What are your Chances of an IRS Audit? 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 »
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