TurboTax vs. CPA Firms Originally Posted on February 15, 2011 It’s a question that plagues all of us as Tax time approaches. Which method is better? What are some Pros and Cons? Certainly both have their individual benefits. Let’s make some considerations on both ends, as we delve into the choice to use one over…
2010 Homebuyers Beware Posted on February 21, 2011 Buying a Home is an exciting prospect and an important decision, but like all important decisions it should be measured with gainful knowledge for informed decision making. An educated buyer can avoid the pitfalls from predatory lending practices that promise short term gains. Remember important dates, know your…
Avoiding the IRS? Is it Possible? Posted on February 23, 2011 It’s not a good idea. Don’t risk it. You’ve see the number of recognizable celebrities such as Red Foxx, and Wesley Snipes with thousands if not millions owed to the IRS. No one can fly under the radar. It’s not worth the risks involved. As…
Family Matters: The Dependent Posted on March 1, 2011 Dependants are described by the Internal Revenue Service as “…a qualifying child or a qualifying relative.” and by this definition there can only be two categories of qualifying individuals that rank for the dependency exemption described by the IRS: children and/or any relative of qualifying exemption. …
Emanicpation Day Pushes Tax Deadline Posted on March 23, 2011 In history class, we read about the Emancipation Proclamation. As adults we are reminded of that history class as it is now honored as a holiday. This holiday will be observed on April 15, 2011 which is pushing back the tax deadline until April 18th, 2011. A sigh…
6 Bizarre Tax Write Off Attempts Posted on March 23, 2011 In the annals of Tax filings, a myriad of different strange deductions have certainly passed through the offices of the Internal Revenue Service. According to a list provided to CBS News from a published report on April Fool’s day 2010, here are 6 of them…
4 TAX CREDIT & DEDUCTION OPTIONS TO KNOW BEFORE HEADING BACK TO COLLEGE Posted on August 18, 2011 We like the IRS! They send out a weekly email blast with helpful links and resources that cover a wide range of topics. As your local tax specialist it’s our job to share information that we feel…