Tax Strategies

The Latest

  • October 16, 2014

    When you’re getting married, taxes are probably the last thing you want to think about. However, it is still important to understand the tax consequences of marriage. This article explains some basic tax considerations for newlyweds.

    Name and...
  • October 15, 2014

    One of the best ways to reduce your income tax liability (and possibly increase your tax refund) is through Federal tax deductions provided by the IRS.

    There are certain...

  • October 10, 2014

    Are you wondering if you need to file a tax return? While most people who earn an income must file a Federal income tax return, that is not true for everyone.

    Depending on your...

  • October 9, 2014

    One thing that many new retirees forget is that they may need to pay taxes on a portion of their Social Security benefits. These benefits include monthly retirement, disability, and survivor payments — but not supplemental security income (SSI)...

  • October 7, 2014

    Are you looking for an expert to help you with your income tax return?

    When it comes to choosing a qualified tax preparer, it is important to know that there are different types of...

  • October 7, 2014

    Have you given or received a large gift? Do you know what the tax consequences are? You may be subject to the 40% Federal Gift Tax.

    According to the IRS, a gift is "Any transfer to an individual, either directly or indirectly, where full...

  • September 24, 2014

    The ability to work for yourself and be your own boss is an exciting prospect. Becoming self-employed in your field of expertise can give you the freedom to find a work-life balance that is hard to achieve when you are employed by a someone else...

  • September 23, 2014

    Every year, the IRS publishes a list of the “Dirty Dozen” tax scams that pose the most danger to taxpayers at large. If you fall prey to one of these scams, you are at risk for owing the IRS a large sum of money. In extreme cases, a tax scam can...

  • September 19, 2014

    Starting a new business is an exciting adventure, but also a major undertaking. Although, as a new business owner, you may be an expert in your field or industry, you may be new to paying taxes...

  • 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...