Category: Tax Return Filing

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4 Key Facts: How Your Bonus Will Be Taxed
Several large corporations have announced they’re giving their employees bonuses in response to the passing of tax reform, including American Airlines, Bank of America, and Walmart. Maybe you’re one of the lucky ones, or perhaps you received and ...
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Does the New Tax Plan Affect Your 2017 Tax Return?
The Republican-controlled Congress managed to pass its tax plan by just 24 votes, taking large cuts across the board with many amendments to deductions, penalties, and more, including complete eliminations. Many of these effects won’t take place un...
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A Tax Tip A Day Keeps the Teacher’s Taxes At Bay
From extra school supplies to cleaning supplies, teachers can spend several hundreds and even thousands of dollars each year on out-of-pocket expenses for their classrooms. Research indicates that teachers spend about $500 on average annually on scho...
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Taxes and Divorce: 6 Things You Need to Know
As if filing taxes wasn’t enough of a mental exercise, adding in all of the factors of a recent divorce is quite the curveball. We recommend discussing your particular circumstances with your tax professional, but get to know the basics below. Marr...
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Don’t Miss These Upcoming IRS Deadlines
Google, Outlook, or a tried and true notepad? Whatever your preference, mark your calendars with these important tax dates. Keeping track (or failing to) can lead to a bigger refund or higher taxes! The important dates kick off just this week. Open E...
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Unpaid Taxes: How Your Credit Score Will Take A Hit
As if having to pay taxes wasn’t stressful enough, not paying your taxes can and will affect every aspect of your financial life – and yes, we mean beyond being yet another bill to pay. How do unpaid taxes plague your finances exactly? Those ...
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Republican Tax Reform Bill: How Will It Affect You?
Looming republican tax reform has left many taxpayers wondering how and when they’ll feel the effects of the forthcoming bill. Republican lawmakers have just released their $1.5 trillion proposal for the president’s measures under the Tax Cuts an...
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Who Can I Claim as a Dependent?
The following series will address frequently asked questions. From the most pressing general questions about what to claim, to specific issues applying to niche groups of taxpayers, we have all of the answers to common questions covered. This questio...
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The Tax Moves Business Owners Need to Make Before Year End
When you start a new business, it’s easy to get caught up in running everything and forget about paying taxes. But you need to plan ahead to avoid a surprise in April. To lower your tax bill and avoid penalties, make these three moves before th...
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Lowering Your Taxes by Saving for Retirement Now
Every U.S. citizen who pays their income taxes annually most likely wants to find ways to lower their tax bill. Luckily, however, there are some simple ways you can reduce the burden of your tax stress — and one of the best ways is to start put...
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