When is the Best Time to File My Tax Return? Here at Phoenix Tax Consultants, we believe that the earlier you file your taxes, the better. However, do certain situations ever warrant waiting to file your taxes? In this article, we’ll explain the best time to file your tax return depending on your situation, and…
5 Benefits of Filing Your Taxes Early Straight From a Tax Consultant 33% of Americans admit that they wait until the last minute to file their taxes. So if this is typically your strategy, you’re not alone! However, just because it’s common, does not mean that it’s the best strategy. Any tax consultant will tell…
Thanks to smartphones, you now have the ability to track your taxes whenever and wherever you want. While there are many app out there that let you access your tax information, there are still a few important things to keep in mind as you figure out which apps to use, and how to use them.…
Did you know the tax season is actually shorter this year? According to the IRS, the government shutdown in October came during the peak time for preparing the 2014 filing system. That’s why the IRS started processing returns January 31st (instead of the originally scheduled January 21st). Here’s the catch: the deadline for filing is…
It is Month 2 of Julie’s Personal Powerful Financial Plan! I am starting to get a handle of what is what when it comes to our financial future. Our task was gathering our debt information. Unlike our assets, I am well aware of all the debt, especially with the monthly automatic payments. What I was…
Tax season is upon us, and with that comes a very important question: to use a licensed professional, or not to use professional? This earlier post by Tax Tacklers illustrates the differences between using a CPA and using a system like TurboTax. While TurboTax can be the right solution in some situations, there are many…
Courtney’s January Challenge Update: So it begins. My journey towards creating a personal powerful financial plan using Julie’s 12 Steps! Getting a better understanding of our financial situation, taxes and planning have always been on the to do list for my husband and I. We found just about every reason NOT to talk about money,…
Individual filers making $200,000 or married filers earning $250,000 are subject to a new Medicare tax of .09% on earnings above these amounts and in many cases this is not being withheld by the employer! If this applies to you please call our office to determine if you need to make an estimated tax payment…
Congratulations on becoming a parent! You may have heard there are many benefits to having a child from the unconditional love to tax deductions. Here is a quick guide to 5 things all new parents should know the 1st calendar tax year they have a child. As always any questions or if you need clarification,…
As the year quickly comes to an end we encourage our clients to think about the tax year before it ends! Now is the time to consider incentivized purchases that offer tax rebates set to expire at the end December 31, 2013. Below is a list of 4 popular tax deductions or tax rebates that…