Tax Strategies

The Latest

  • November 9, 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...

  • October 24, 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...

  • October 3, 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...

  • August 16, 2016

    During the busy months of summer, the last thing on your mind is your income taxes. However, reducing your tax liability is a year-round occupation and now is the time to consider some pertinent tax breaks and obligations.

    Have you moved...

  • 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...

  • 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...

  • November 5, 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...

  • October 30, 2015

    If you owe taxes, it may feel as though you’ve been cast adrift upon a sea of uncaring bureaucracy. Don’t despair—you have rights! In fact, there is a new “...

  • October 28, 2015

    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...