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Home » Taxes

Taxes

Taxes

Paying taxes is a vital part of being a responsible citizen, but for a lot of families and business owners, it can seem overwhelming. What tax forms do you need to fill out? If you've experienced significant life changes since the last time you filed taxes - like buying or selling a new home, receiving an inheritance, having a new baby, or starting your own business - will those events impact your tax filings? If you run a business, which items can you reasonably deduct from this year's tax return? Is e-filing taxes safe? We address these questions - and many more - to help you gather the information you need to file your taxes, save money and in some cases, get a larger tax refund.

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    • What Is Supplemental Income?
    • What Is the Difference Between State and Federal Tax for My Business?
    • Why Getting a Tax Refund Isn’t Always Good and How to Fix It

Taxes 101: Tax Basics

Supplemental income, filing headaches, itemized deductions and why refunds may not be so great after all - there's a lot to consider when you're doing taxes for the year. Whether you use an accountant, or prefer to do your taxes yourself, it's still important to know if any changes to the tax code - or changes to your [income bracket] - will impact your finances. Brush up on tax basics, so you know exactly where you stand.

Topics:

    • What Is the Difference Between State and Federal Tax for My Business?
    • Why Getting a Tax Refund Isn’t Always Good and How to Fix It

Filing Taxes: How to File Your Own Taxes

For the majority of citizens, it's possible - and sometimes even preferable - to file your own taxes. Doing your own taxes can save you the fees associated with hiring a CPA, and if you haven't had any major changes to your income, professional or personal life over the course of the past year, it's easy to do provided you know which forms you'll need to use, and which deductions you may be eligible for.

Topics:

    • Preparing for Filing Your Taxes Saves Major Headaches Later

Filing Taxes: How to Do Business Taxes

Unlike filing personal taxes, it's advisable to hire a CPA when filing business taxes. In addition to business-related expenses that may qualify you for deductions, CPAs are well-versed in any recent changes to the tax code that could impact your business return. Even if you run a small, one-person shop, if this is the first year of operation, it's worth the extra expense to hire a professional so you can make sure that you're paying what you owe - and not a penny more.

    • What Is the Difference Between State and Federal Tax for My Business?

Tax Refunds

While it's always fun to get an unexpected lump sum in your bank account, [getting a tax refund isn't always a good thing]. Read up on the do's and don'ts of tax returns so you can make smarter financial choices throughout the year.

Topics:

    • Why Getting a Tax Refund Isn’t Always Good and How to Fix It

All Articles

Supplemental Income: What It Is & How It Impacts Taxes

  • 5 Great Benefits of an IRS Tax Settlement
  • What to Know About Not Claiming Rental Income on Taxes
  • 5 Tips to Help You Save Money on Taxes
  • How to Lower Your Taxes
  • Alternative to a CPA? How a Tax Attorney Can Help You File Your Income Taxes
  • 5 Common Tax Filing Mistakes to Avoid
  • Top 4 Most Important Things You Should Know About Filing Your Tax Return
  • What Does a CPA Do? The Complete Guide
  • Common IRS Penalties and How To Avoid Them
  • Can Automation Software Replace An Accountant?
  • 5 Tax Planning Tips: Are You Ready for the End of 2020?
  • Business Expenses You Should Start Claiming To Lower Your Tax Bill
  • What Is a Structured Settlement? Things You Need to Know About Your Payout
  • When and How to Make a Great Fake Pay Stub!
  • What Does Tax Withholding Mean? An Informative Guide
  • Helpful Tax Tips for Modern Home Business Owners
  • All About Taxes: 7 Simple Preparation and Filing Tips Everyone Should Know
  • Uncle Sam Is Watching: Can a Tax Preparer Be Liable If They Make a Mistake On Your Taxes?
  • How Does a 1099 Work: A Guide to This Tax Form
  • What Does a Tax Lawyer Do and When Should You Hire One?
  • Tax Relief Help: 7 Strategies to Help Manage Debt Owed to the IRS
  • Think Itemized Deductions Save You A Lot In Taxes? You Might Be Surprised
  • Why Getting a Tax Refund Isn’t Always Good and How to Fix It
  • Preparing for Filing Your Taxes Saves Major Headaches Later
  • What Percentage of Taxes Are Taken Out? Discovering How Much You Pay in Taxes
  • How to Avoid Paying Taxes You Don’t Need to Pay
  • The Top Real Estate Investment Tax Deductions
  • Avoiding a Tax Disaster: 3 Things You Should Know About the FBAR Penalty
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