Tax Strategies

The Latest

  • August 27, 2015

    Everyone must pay taxes on the income they receive during the year, whether it is from a job, self-employment, or other sources. The IRS expects to receive tax payments as your income is earned...

  • August 21, 2015

    When tax time comes around, inevitably there are people who are not able to pay everything they owe.

    Although the IRS always prefers that you find a way to pay your taxes in full, circumstances can sometimes prevent that from happening. If...

  • August 20, 2015

    The Federal income tax is based on a “pay-as-you-go” system. There are 2 ways to pay as you go: withholding tax or estimated tax. This article discusses withholding tax (also...

  • August 19, 2015

    A change in life circumstances, whether good or bad, can affect your tax return.

    Here are some instances where you will need to reevaluate your tax situation:

    Job Changes

    If you lose your job, you should be aware that unemployment...

  • August 5, 2015

    A wedding is a joyous occasion – but with marriage comes a host of new tax considerations.

    Whether you are soon-to-be-married or newly married, you should take the time to review your tax situation as a couple. There are a number of steps...

  • July 29, 2015

    Many people believe that once they retire, they will pay less in taxes due to a lower income. While that may be true for some people, it is not always the case.

    Depending on what income you have coming in (e.g., from Social Security,...

  • July 2, 2015

    A tax lien is a claim against property that the government uses to protect its interests in tax debt. The IRS will place a lien against your property only after it has sent you a bill and you have not paid it. Being hit with a tax lien is a...

  • June 24, 2015

    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.

    ...

  • June 19, 2015

    There are many reasons why you may need to obtain a copy of a past tax return. Perhaps you simply lost your copy or there is a pressing...

  • June 10, 2015

    If you have to move because of your job — whether you’re starting a new job or working at the same job in a new location — you may be able to deduct some of your moving expenses on your income tax...