Have you ever wondered if you can itemize deductions on your tax return? Actually, have you ever wondered what, exactly, itemizing means? If so, you’ve come to the right place. I’m going to teach you the basics of itemizing: What itemizing is, … [Read more...]
What Are the Chances of Being Audited?
January 19, 2010 by
The stress of tax time comes from organizing paperwork, crunching numbers, meeting deadlines and---oh yes---that slight but persistent possibility of having somebody go through your tax return with a magnifying glass looking for errors and omissions. … [Read more...]
Should You Hire a Tax Preparer?
January 12, 2010 by
It’s nearly that time of year again. The stress. The procrastination. The arithmetic. The missing receipts. That’s right; it’s almost tax time! Filing taxes and decoding IRS lingo may be some people’s idea of a good time, but for the rest … [Read more...]
Six Tax Breaks To Look For This Season
December 22, 2009 by
For most of us, tax season is anything but a good time. That said, you may just find some fun in unearthing some hidden tax breaks that you’ve been missing out on! And it's a good year for it: the American Recovery & Reinvestment Act (ARRA) of 2009 … [Read more...]
$6,500 Home Buyer Tax Credit
November 5, 2009 by
Good news for prospective home-buyers: It looks like Congress will extend the $8,000 first-time home buyer tax credit that was slated to end this month and add a $6,500 tax credit for those that have already owned a home. The Senate voted 98-0 … [Read more...]
