Tax Preparation

The Latest

  • September 6, 2016

    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 3, 2016

    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...

  • July 28, 2016

    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...

  • July 13, 2016

    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...

  • June 16, 2016

    The Earned Income Tax Credit (EITC or EIC), which has been around since 1975, essentially provides a subsidy for low-income working families. To claim this tax credit, you must meet certain eligibility...

  • May 27, 2016

    Lets start with the basic answer. Yes you can file your 2015 return without having filed your 2014 return. There is no rule or law preventing you from doing this.

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  • April 17, 2016

    This year, most individual income tax returns need to be e-filed or postmarked by April 18. If you do not file on time, there is a late filing penalty of 5% on the amount that you owe. This is added to your tax balance for each month (or part of...

  • April 7, 2016

    Mark your calendar! Due to an overlap of tax deadlines and Federal/State holidays, the IRS has announced some new due dates for the upcoming 2016 tax season.

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  • February 9, 2016

    The e-file process allows taxpayers to submit their taxes electronically by connecting to the Internal Revenue Service’s (IRS) Electronic Filing System. E-filing can be done from a computer (as well as some modern smartphones and tablets) using...