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Tax Preparation

How IRS Exchange Rates Work When Converting Foreign Currencies to US Tax Dollars

Uncle Sam wants you to pay your taxes -- but only with US dollars, please. Taxpayers who earn income in a foreign country or financial…


Tax Preparation Checklist

What You Need to File Your Taxes in 2022 Preparing your tax return requires a lot of information, so it’s a great idea to have…


How to File a Tax Return: Get Started Here

   Time for a tax return to basics. Form 1040: How to File a Tax Return You have several options for filing your federal…


Refundable Tax Credits vs. Non-Refundable Tax Credits

There Are Two Main Types of Credits That Can Reduce Your Tax Bill  Tax credits, available through the IRS, can bring you a substantial…


Should You Itemize Your Deductions?

Tax Tips for Claiming Itemizing Deductions vs. the Standard Deduction When you are filing your 1040 tax return, right before you compute your final taxable income, you…


Which Tax Form Should You File?

Federal Tax Returns Have Undergone Several Changes Over the Past Few Years There used to be several different versions of the federal individual income tax…


5 Top Tax Deductions for Individuals

Don’t Miss Out on Deductions That Reduce Your Income Tax Liability One of the best ways to reduce your income tax liability (and possibly increase…


Tax Preparation Tips for Your 2020 Return

Your 2021 Tax Guide for Filing a Return, Paying Taxes, & COVID-Related Tax Relief This past year has brought many changes for individuals, families, and…