Tag Archives: taxes

The Purpose of Your Accountant

Many people are confused about the purpose of accountants given tax software and so on. To get the biggest benefit for the fees you pay, you need to understand what your accountant can do. The Purpose of Your Accountant An … Continue reading

Posted in All Taxpayers, Uncategorized | Tagged , , , , , | Leave a comment

Battling the IRS

There was once a song about battling the law and losing. Fortunately, battling the IRS is possible and sometimes inevitable. Battling the IRS There comes a time when many Americans must take action against the IRS. The IRS can come … Continue reading

Posted in IRS Tips, Uncategorized | Tagged , , , | Leave a comment

Should You Be Converting Your Traditional IRA Into a Roth IRA before Year’s End?

Article Highlights: Roth IRAs provide tax-free earnings’ accumulation Traditional IRA to Roth IRA conversions can be made If this year is a low or negative income year, you will pay little or no conversion tax There are two types of … Continue reading

Posted in Uncategorized | Tagged , , | Leave a comment

Selling Your Home? Taxes?

Article Highlights Individuals can exclude up to $250,000 ($500,000 for a married couple filing jointly) of gain from the sale of their primary residence. Generally, to qualify for the exclusion, the home must have been owned and used as a … Continue reading

Posted in Ever wonder, Realtors, Selling house | Tagged , | Leave a comment

Tax Benefits for Military Personnel

If you’re a member of the U.S. Armed Forces, there are many tax benefits that may apply to you. Special tax rules apply to military members on active duty, including those serving in combat zones. These rules can help lower … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

Tax Breaks for Charity Volunteers

If you volunteer your time for a charity, you may qualify for tax breaks.  Although no tax deduction is allowed for the value of services performed for a charity, some deductions are permitted for out-of-pocket costs incurred while performing the … Continue reading

Posted in Uncategorized | Tagged , | Leave a comment

Tax Tips for Students with a Summer Job

Many students hold a summer job during their time off from school. Here are some tax issues that should be considered when working a summer job. 1.  Completing Form W-4 When Starting a New Job – This form is used … Continue reading

Posted in Uncategorized | Tagged , , , | Leave a comment