Tax Preparation

The Latest

  • September 18, 2014

    As you may already know, the IRS provides tax deductions for charitable contributions that you make to a qualified organization. However, it is not just direct cash and property donations that are...

  • September 9, 2014

    Did you make a mistake on your Federal tax return that you need to correct?

    First, you should know that not all errors require an amended tax...

  • September 8, 2014

    Gambling — whether it’s at the racetracks, the casino, or the lottery — is a source of entertainment for millions of people. It is also a source of income, whether you win the Powerball...

  • September 2, 2014

    If you owe taxes, it may feel as though you’ve been cast adrift upon a sea of uncaring bureaucracy. Don’t despair—you have rights! In fact, there is a new “Taxpayer Bill of Rights” that was...

  • August 11, 2014

    Millions of people enjoy having hobbies — whether it’s photography, antiquing, craft making, collecting coins, or breeding horses. It usually costs money to support a hobby, but in some cases, your hobby can also make you money.

    ...

  • August 10, 2014

    As many are still recovering from the Great Recession, the idea of having income (or even excess income) subject to tax is the last thing people want to think about. 

    Generally, tax law defines income as “undeniable accessions to wealth”...

  • June 2, 2014

    Roughly one in three Americans files their own taxes online, rather than using a professional tax preparer. If you're going to file electronically, there are a few ways you can do it.

    If your Adjusted Gross Income (AGI) was less than $58,...

  • May 5, 2014

    If you happen to miss the filing deadline (April 15th), you should still try to file your income tax return as soon as possible — especially if you owe additional taxes.

    The longer you wait to file your tax return, the more penalties and...

  • April 11, 2014

    Have you always filed electronically? Never done it before? Here are a few things to consider.

    The Pros of E-File

    Accuracy: Estimates for the error rate for paper returns vary from 10 to 21...

  • March 24, 2014

    Modified Adjusted Gross Income (MAGI) can qualify you for a number of credits, benefits, and exclusions, which makes it important to calculate for tax purposes.

    Your MAGI is used to determine your eligibility for various Federal tax...