Tax Preparation

The Latest

  • March 21, 2013

    For Shauna Wekherlien, the owner of Tax Goddess Business Services PC in Scottsdale, Ariz., the scariest tax audit she saw was a corker, including threats from the Internal Revenue Service and a dash of ignorance and hostility.

    “This client...

  • March 21, 2013

    You do — which comes to most people as a surprise.

    You probably know that you owe a nanny tax on the wages of a...

  • March 10, 2013

    NEW YORK (MainStreet) — What a difference a year makes.

    Not that 2012 was easy-peasy for tax filers. In fact, the entire U.S. tax code filled...

  • March 5, 2013

    Doing your taxes is not the most pleasant activity in your life - hopefully. However, in the rush of wanting to get your taxes done you may overlook certain important steps. Jim Jelter discusses seven steps that will help you prepare your tax...

  • February 21, 2013

    You do. That is, if hope to take a child-care credit on your income tax return without running into problems with the IRS.

    The child-...

  • February 20, 2013

    NEW YORK (MainStreet) — The National Society of Accountants reports that the average cost of hiring a tax professional to prepare your Form 1040 with a Schedule A and state tax return is $...

  • February 19, 2013

    NEW YORK (MainStreet) — Calculators are humming and pencils are sharpened, all in anticipation of that annual exercise in angst and anxiety — filing your tax returns.

    Last year more...

  • February 19, 2013

    The IRS has been stepping up its efforts to ensure that Americans are accurately reporting the taxes they owe. This means that the IRS is auditing a growing number of taxpayers, especially those with high incomes and complex financial...

  • February 12, 2013

    NEW YORK (MainStreet) — Pew Research calls it the “Lost Decade Of the Middle Class.”

    “Since 2000, the middle class has shrunk in size, fallen backward in income and wealth and shed...

  • February 12, 2013

    When you’re hunting for tax savings on your 2012 returns, comb through the way you paid your taxes in the past. You might have missed an easy write-off that’s waving its hand and shouting, “look at me!” For example:

    ...