New Tax Scams

New Tax Scams

New Tax Scams – Beware of IRS Phishing Text Messages At one time or another, many of us have received e-mails from the IRS asking to verify our tax information, but that’s just the tip of the iceberg. Con artists, mostly from foreign countries, have set their sites on the US tax system. We now need to be wary of automated calls and various types […]

Read More Leave comment

Online Tax Filing for Military

Online Tax Filing for Military

Military Members Taxes Online Can be Done at $25- Includes Federal and State Taxes can be complicated and daunting for anyone, let alone military members who may not have a lot of experience with taxes. They’re also probably pretty busy just trying to take care of their own personal finances, as well as taking care of the needs of their family. We offer the best […]

Read More Leave comment

The Sin Tax

The Sin Tax

How does the sin tax affect you? If we were to define sin tax, we would say this particular tax applies to goods or services that are harmful to society. Some examples of such goods include alcohol, tobacco, drugs, gambling, and pornography. Many states are considering adding other products that will be subject to the tax, such as sugar, soft drinks, and candies. This tax […]

Read More Leave comment

Best Way to File Your Own Taxes

Best Way to File Your Own Taxes

Which of these 5 options is the Best Way to File Your Own Taxes? You may be wondering, what is the best way for filing your taxes? We’ll show you several options and the one we recommend for you to consider. Basically, these are the 5 options: Mail, online tax filing site, e-file using IRS fillable forms, a tax app, and a tax professional. If […]

Read More Leave comment

Charitable Contribution of Appreciated Property

Charitable Contribution of Appreciated Property

Charitable Contribution of Appreciated Property – 7 Strategies Charitable giving can not only reduce your taxes, but it also makes a positive impression on the philanthropic world. This is how charitable giving works. You can lower your taxes by doing your own taxes online and claiming the amount as a deduction. This will allow you to do good deeds for others. Giving to charity can […]

Read More Leave comment

Tax Aware Investing

Tax Aware Investing

What is Tax Aware Investing: Why It Matters and Where You Can Find Help With traditional tax-advantaged vehicles like the 401(k), 403(b) and Traditional IRA, there’s a lot to consider when it comes to setting up your personal finance strategy. What is tax aware investing? With tax aware investments, investors can make sure they’re getting the most savings from their investments while still tracking their […]

Read More 2 Comments

Are You Subject to Community Property Rules

Are You Subject to Community Property Rules

How Community Property Rules Affect Your Federal Tax Return Spouses will need to compute their income and deductions using the rules for jointly held property. Nine states have community-property laws, which govern how married couples share their asset and income. These states include Arizona, California Idaho, Louisiana Nevada, New Mexico Texas, Washington and Wisconsin. Alaskan, Tennessee and South Dakota residents can opt in to community […]

Read More Leave comment

Overlooked Tax Deductions

Overlooked Tax Deductions

Overlooked Tax Deductions Many Taxpayers Fail to Use When you’re paying taxes for things that count as write-offs, you’re essentially throwing away money that should belong in your bank account. To avoid losing any more of your hard-earned dollars, take a look at this list of the tax deductions that are overlooked you should be tracking throughout the year. Charitable Donations That old couch you […]

Read More Leave comment

How to File Your Taxes By Yourself

How to File Your Taxes By Yourself

Learn How to File Your Taxes By Yourself in 30 Minutes Don’t be fooled by all of the negative comments you see about doing your own taxes. You can definitely learn how to file your own taxes by yourself. What’s more, you don’t have to be familiar with all of the tax terms and changes made over the years. I would also say that over […]

Read More Leave comment

Clergy Tax Preparation

Clergy Tax Preparation

Do You Understand Clergy Tax Preparation? Just finished seminary and are planning to become a minister? Taxes may have you scratching your head in disbelief. Or maybe you’re already one looking for information. Clergy taxes terms, dual tax status and clergy self employment tax may have you confused. Stick with us, and we’ll explain the various rules that the IRS has set for ordained ministers. […]

Read More Leave comment