Tags » Tax Preparation

Tips on tracking and reporting rental income (from any source).

Q: We’re about to rent out my place and wanted to know how we would go about claiming the income for taxes? Do I have to ? 501 more words

Tax Preparation

It's time: Check the number's ya'll. Also known as 'paycheck checkup'.

It’s almost halfway through the year (2019) and it’s time to review some data that surrounds your life. If you’re an “employee” and receive a W2 at the end of the year, this means reviewing your latest paycheck stub(s) to ensure that you are withholding… 928 more words

Tax Preparation

What to Do if You Missed the Tax Deadline

Monday, April 15, 2019, was the tax deadline for most taxpayers to file their tax returns. If you haven’t filed a 2018 tax return yet, it’s not too late. 1,007 more words

Tax Planning

Bad advertising is caused by lack of deep insight

You’ve probably heard the famous proverb: in this world, nothing is certain but death and taxes. As correct as that fatalistic and sardonic saying is, in this day and age- it is also incomplete: During the tax filing season, one must add… 1,250 more words

Don't use this software: Gruntworx

With the new tax plan “overhaul” of 2018 I knew that this year was going to be a special type of hell.  I was not expecting to run into obstacles at every turn from dealing with the Internal Revenue Service, the tax preparation software company (Drake Software), their affiliates Gruntworx and SecureFilePro, the unaware individual taxpayer’s, and every company or business that sends documentation out late. 675 more words

Tax Preparation

Refundable vs. Non-Refundable Tax Credits

Tax credits can reduce your tax bill or give you a bigger refund, but not all tax credits are created equal. While most tax credits are refundable, some credits are nonrefundable, but before we take a look at the difference between refundable and nonrefundable tax credits, it’s important to understand the difference between a tax credit and a tax deduction. 352 more words