1. Get your receipts and other paperwork compiled and organized– When January comes, you do not want to be looking frantically for receipts from the summer of 2015. Eliminate anxiety by getting organized now. Round up all receipts and cancelled checks, such as those...
Winter TaxTips for Business
Winter TaxTips for Individuals
According to an article I read in Accounting Today, with crushing student loan debt and the skyrocketing costs of education at all levels making headlines and policy debates, the approaching start of the next school year led the folks at TaxAudit.com to put together...
Millions of people enjoy hobbies that are also a source of income. You may be a skydiving instructor, a piano or vocal teacher, a math tutor, a jewelry maker or distributor, or a stamp and coin collector. You must report on your tax return the income you earn from a...
Most people stop thinking about taxes after they file their tax return. But there’s no better time to start tax planning than right now. And it’s never too early to set up a smart recordkeeping system. Here are six IRS tips to help you start to plan for this year’s...
Issue Number: IRS Tax Tip 2013-33 Inside This Issue Five Tax Credits that Can Reduce Your Taxes A tax credit reduces the amount of tax you must pay. A refundable tax credit not only reduces the federal tax you owe, but also could result in a...
