The Better Business Bureau offers these tips for charitable giving this holiday season-- Many of us will want to help the victims of Hurricane Sandy. This is also the time of year when we see an increase in appeals for…
This information is directly from the latest IRS newsletter and we thought it would be beneficial to share! Hire those VETS! IRS Special Edition Tax Tip 2012-14 Employers planning to claim an expanded tax credit for hiring certain veterans should…
Started a business this year? Looking to start one? This article by Article by Tom Stemmy for The Capital Gazette.com gives you some great tips for getting started in the wide world of tax write-offs. As the gloomy economy lingers on, more…
The election is over--now what? Here's some tips by By Katherine Fredette as posted on Seacoast Online for getting your own financial house in order by year end. Tip 1: Participating in an employer's retirement plan, or contributing to your own IRA,…
By Internal Revenue Service as posted in North Texas e- News Fall is the time of year that brings cooler weather and the chance to get outside, clean up the lawn or organize the garage or attic. The Internal Revenue…
I absolutely LOVE this blog from Scott Dinsmore--check this out! By Scott Dinsmore who is the founder of Live Your Legend 11 Simple Ways to Connect with the People Who Make Failure Impossible 1. Know the impact you want to…
I really enjoyed these tips from accounting firm Blum & Shapiro on Accounting Today! Read the Full article here! 1. The 2013 Tax Season Is Closer than You Think Industry experts generally agree that proper tax planning takes an average…
I came across a great article in Accounting Today and wanted to share it! Check this out! It may feel like you’ve just closed the book on the 2012 tax season and planning for 2013 is far off, but the…
Thanks again to Matt Wilson of Employee Financial Boot Camp for compiling and analyzing these IRS stats and helping us to demystify who really pays taxes in the USA! Every quarter, the Statistics of Income Division of the Internal Revenue…
I recently read this article and found it to be a great recap of avoiding common mistakes when planning for your retirement. Hat tip to financial planner Matt Wilson of Employee Financial Boot Camp for these suggestions! Here's what I pulled…
Expanded relief is coming for those who are living abroad who owe less than $1500 in US taxes and have not filed their tax forms or their foreign account disclosure forms.
The IRS warns that next years refunds may be delayed due to the recent theft of many SSNs from various organizations in the US. Be aware that your refund may be delayed if one of these Tax Fraudsters files a…
Remember that you can only deduct expenses that were not eligible for reimbursement by your employer under this section of your return. If you didn't turn in your expense report on time, there is no deduction!
Here's some tips from Forbes magazine on how to make your favorite hobby tax deductible! Do it full-time. The IRS is more likely to query writing off a “hobby” against income from your regular job. If you work 40 hours a…
Medical AGI cap rate is going up to 10%; make sure you get your medical expenses deductible and in the 2012 tax year!
