Tax treatment for your children

Got Kids? They may have an impact on your tax situation. Listed below are the top 10 things the IRS wants you to consider if you have children. Dependents In most cases, a child can be claimed as a dependent

Tagged with:
Posted in Adoption, Child Tax, Children, Earned Income Tax Credit, Education Expense, Estimated Taxes, Gift Tax, Refundable Tax Credit, Student Loan, Tax Credit, Tax Deductible Expenses, Tax Guidance & Preparation, Tax Relief, Uncategorized

Questions to ask your tax preparer

The tax industry is constantly changing and tax professionals are subject to various federal and state regulations. Here are some questions you can ask to help ensure you find an experienced, trustworthy relationship with a tax adviser: What licenses or

Tagged with:
Posted in Tax Guidance & Preparation, Tax Preparer

Choosing the right tax preparer

The IRS urges people to use care and caution when choosing a tax preparer. Remember, you are legally responsible for what’s on your tax return even if it was prepared by an another individual or firm. Most tax return preparers

Tagged with:
Posted in Tax Guidance & Preparation, Tax Preparer

Choosing the right tax form

To file your 2009 individual tax return, you’ll have to decide which form to use…unless you e-file. If you file electronically, the software automatically selects the simplest and best form for you. Whether you use e-file or prepare on paper,

Tagged with:
Posted in Tax Filing Status, Tax Guidance & Preparation, Tax Preparer, Tax Problems & Requests

Dependents and Exemptions

When you prepare to file your tax return, there are two things that will factor into your tax situation: dependents and exemptions. Here are five important facts the IRS wants you to know about dependents and exemptions before you file

Tagged with: ,
Posted in Child Tax, Children, Deductible Expense, Dependent, Exemption, Family, Tax Filing Status, Tax Guidance & Preparation, Tax Problems & Requests

Tax Exempt Organization Governance – Audit materials

The IRS has developed a check sheet to be used by IRS Exempt Organizations agents to capture data about the governance practices and the related internal controls of organizations under examination. The data collected will be included in a long-term

Tagged with: ,
Posted in Charitable Contribution, Non-profit

Filing Status Facts

Everyone who files a federal tax return must determine which filing status applies to them. It’s important you choose your correct filing status as it determines your standard deduction, the amount of tax you owe and ultimately, any refund owed

Tagged with:
Posted in Tax Filing Status

Recently Married or Divorced?

If you were married or divorced recently, there are a couple of things you’ll want to do to ensure the name on your tax return matches the name registered with the Social Security Administration. Here are five facts from the

Tagged with: ,
Posted in Family, Marriage

Use of Taxpayer Info

IRS Issues Proposed Regulations Adjusting Use of Some Taxpayer Information WASHINGTON — The Internal Revenue Service today announced the issuance of proposed and temporary regulations and related revenue rulings addressing the use or disclosure of tax return information by tax

Tagged with:
Posted in Privacy, Tax Guidance & Preparation

Are Taxes the Root of Unhappiness?

Wall Street Journal op-ed, Are Taxes the Root of Unhappiness? States with the Highest Taxes Also Rank as the Unhappiest, by Allysia Finley (Assistant Editor, Does living in a blue state make people blue? It seems so, according to

Tagged with: ,
Posted in Tax Guidance & Preparation
Subscribe via Email

Follow me on Twitter
QuickBooks Advanced Certified ProAdvisors Online

QuickBooks Certified ProAdvisor - QuickBooks Online Advanced Certification

Xero Certified Adviser