Some of my friends and family tease me about learning choices. You see I enjoy learning new things and at the same time meeting new people, so I take every opportunity to go on a course, seminar, workshop. Now this is not all bad because education tax credits can make the burden of paying for [...]
We live in a world where consultants are aplenty. Society has become so complicated with its myriads laws and protocols that the average person can’ be sure he or she knows what they are talking about, much less doing. Every time something comes up, our first reaction is to get a consultant, legal advice, or [...]
If you never heard about the AMT of the Alternative Minimum Tax, then you could get a huge fit if one of your IRS problem solvers breaks the bad news. The AMT was designed for a few taxpayers who despite their high earnings were not paying their fair amount of taxes. Sometimes, [...]
Did your employer send your Form W2? Most people know what this form is but in case you don’t, it is your statement of earnings with your employer. Employers should forward this form to you by February 02 of the first year following your earnings period. You will need this form if you had employment [...]
As the April tax filing deadline is fast approaching, you want to keep your focus to ensure you file a correct tax return. To help you along we thought we would show you the humorous side to accountants. Yes, I know it is hard to believe but accountants do have a sense of humor. Okay, [...]
It does not matter how much property we pile up during our lifetime because eventually we have to leave all of it to someone else to manage when we are gone from this world. So it is wise to do property tax planning to arrange for that time when your heirs can assume ownership through [...]
So you have checked out tax preparation prices in your neighborhood and plan to use a tax preparation coupon you clipped from an ad in your local newspaper. However, you are not sure if your social security benefits are taxable. There is no straight answer for this one except to say it mostly is [...]
Yes, you know the feeling! You got all your tax slips and documents you need to file your income tax return. You sit for hours calculating the “what-if” scenarios and then decide on how you will complete your return. You even decide you will use electronic income tax filing because you had a good experience [...]
Most cities and states tax rental property because it is a reliable tax base. While many landlords will tell you that renting property is not always the cash cow people think it is, there is great incentive to let your property for hire. With rental property, you can deduct related expenses you incur [...]
Workmen’s Compensation statistics show how the strong reliable worker can succumb to work-related injuries. But not all disabled people come from accidents on the job. Many diseases and other unfortunate human complications make some people less physically capable than others. Fortunately, the Tax Code provides for tax benefits for disabled taxpayers. The catch is you [...]