Under A Microscope Part 2: Representing Yourself In An Audit
Preparing for an audit is crucial. Here's how. Friday's post discussed IRS Publication 556 and hiring a tax pro to represent you in an audit. What if you've decided…
Donating Your Car to Charity
You did it. Despite student loan payments, rent, and utilities, you're now earning enough to add a new car to the mix. You'll no longer be paying enough in repair…
Love, Honor, and Pay Tax Debt? When Your Spouse Owes Taxes
A married couple is seen as a singular entity in the eyes of the law, sharing assets, property, income and debts. However, the government sees spouses as single entities when…
Audit Red Flags for Small Businesses
In many ways, owning a business can be rewarding: the chance to be your own boss, to conduct business in a way that is line with your own values,…
A Quick Look at the ACA and Its Tax Implications
Love It or Hate It, The Affordable Care Act Has Tax Considerations For All A Quick Review The Affordable Care Act, or "Obamacare" has recently been in the news in…
Why You Need a Tax Pro For Tax Return Prep
Let's face it. DIY has taken hold on nearly every front besides home repairs. Modern software packages and apps have made even tax return prep a breeze. DIY tax return…
Tax Breaks For Baby Boomers And Beyond
If you're a Baby Boomer 50 or older, there are some tax deductions that can work in your favor. Even if you plan on working well into your 50s and…
Tax Credits for College Students
Available Tax Credits May Offset College Costs If college is just around the corner for you or for one of your children, no doubt you are worried about college costs.…
A Closer Look At 1099 Forms
We took a look at general tax forms earlier in the week, including the 1099-MISC. Here is a guide to other 1099 forms you'll encounter as a taxpayer. If…
Tax Basics for Freelancers
How To Survive Your First Tax Year As A Freelancer By Elaine Nadalin If you are a freelancer, you have plenty of company: more than 53 million workers in the…