Who Can You Claim as a Dependent on Your Tax Return?
In the eyes of the IRS, “dependent” can mean much more than a biological child who lives with you. Numerous individuals may depend on you for financial support. You...
Missed the 2016 Tax Deadline? Filing a Past-Due Tax Return
You missed the April filing deadline. What now? For whatever reason, you didn’t file an income tax return by April 18, 2017. Don’t wait until next year, and don’t...
How Do You File an Amended Tax Return?
Its’ easy to make mistakes when you’re doing your own tax preparation. The IRS has a special procedure for fixing them. That sense of accomplishment you feel after you’ve...
Preparing for 2017 Taxes: 5 Things You Can Do Now
Your income tax obligation needs to be on your mind year-round. Here are some ways you can get a jump on your 2017 taxes. Summer’s over. The kids are...
Tax-Deductible Expenses: Are You Recording All of Them?
2017 income tax preparation seems a long way off. Make it easier by tracking all the deductions you can take. You’ve heard it said before: Tax planning should be...
Hired Your First Employee? Your Tax Obligations
It’s a major milestone for you, but it comes with a lot of paperwork that must be done correctly. Bringing a new employee into your business is reason to...
Are You Protecting Yourself from Tax Identity Theft?
The IRS has thwarted some identity theft attempts, but thieves are still stealing billions of dollars every year from taxpayers. Another annual income tax deadline has come and...
Do You Need to Worry About Being Audited?
The question has probably crossed your mind this tax season. What’s the reality? Unless you filed an extension, it’s likely that your annual tax preparation marathon is over. Whether...
Paying Estimated Taxes? When You Should
It’s not just the self-employed who must submit estimated taxes. IRS obligations are pay-as-you-go. Much as we may grumble about them, estimated taxes and payroll withholding are good things....
When a Hobby Becomes a Business
A few dollars here, a few dollars there. What do you do when the money from a hobby starts to add up? Maybe you didn’t consider it a real...