Know your Tax Return to Save Money

Some tax returns could be very complicated for taxpayers. However, regardless of the level of complication, all taxpayers could greatly benefit by partially reviewing their tax return and by asking a few questions. Hiring a tax preparer to prepare a tax return does...

Getting Ready for 2024 Tax Filing Season

Taxpayers should ensure that they have and produce all their required tax documents when filing their tax return. Taxpayers should have an open discussion with their tax preparers before filing their tax return to ensure that all relevant documents are produced to...

Hiring your Children to Reduce Tax Liability

Business Owners Can Hire their Children to Lower their Tax Liabilities Summer is coming! If you have not taken advantage of the tax benefit of hiring your kids because you want them to focus on their school activities, why not change your focus to get a huge tax...

Did you File your Tax Returns?

Every tax year million of taxpayers leave unclaimed money for the Treasury. Almost $1.5 billion unclaimed tax refunds may be waiting for an estimated 1.5 million taxpayers who did not file a 2018 tax return, according to the Internal Revenue Service. The unclaimed...

Do You Use the Correct Tax Filing Status?

Taxpayers tax filing status is extremely important. They are 1) Single, 2) Married Filing Jointly, 3) Married Filing Separately, 4) Head of Household, and 5) Qualifying Widow/er with dependent child. Your filing status determines your filing requirements, your tax...
Translate »