Did you miss the April 15th deadline again?!? Are you a procrastinator who gets an adrenaline rush from filing your taxes at 11:59pm on the tax deadline date? Maybe you thought your taxes were too complicated or that you may owe money? No matter what the reason, this is it! You […]
Vehicles: Medical/Moving .1
Business .51 Charity .14 Exemptions & Rates 1. Tax Rates 10%-35%. 2. Personal exemptions $3,650. 3. Itemized deductions allowed in full. 4. Capital Gains rates remain at 2010 rates; Dividends will remain taxed at Capital Gains rates. 5. Marriage penalty relief provisions extended. 6. AMT Exemption Amounts: Married […]
The Internal Revenue Service said recently that parents may be able to qualify for a tax credit to help defray the added expenses of summer day camp for their children.
Many parents who work or are looking for […]
It’s that time again. Tax Professionals are in great demand. In recent days, there have been many letters and notices (in the thousands) mailed by The Internal Revenue Service, Utah Tax Commission and other government agencies to taxpayers (individuals & […]
Issue 19.11 There are many scams in the world today. Some are very upsetting once a person finds out later that those who posed as representatives of the IRS were fakes. These fakes use every tool at their disposal to deceive the taxpayers of their legitimacy representing the IRS. They scam individual’s […]
Use caution against these nine common errors to avoid delayed refunds or IRS processing.
1. Incorrect-Missing SSA Numbers. When entering SSNs for anyone listed on your tax return, be sure to enter them exactly as […]
Ask yourself these questions.
1. Do I have time to do my taxes correctly? The IRS estimated that the average taxpayer needed 21.4 hours to do their tax returns. All the organizing and documentation to […]
Issue 5.11 Today we consider Filing Status. This article references the information I received from the IRS. IRS Tax Tip 2011-09, January 13, 2011
The first step to filing your federal income tax return is to determine which filing status to use. Your filing status is used […]
In a discussion about taxes the other day a friend said to me “I have been guilty of filing my taxes at midnight on April 15th, but as I get older and my taxes get more complicated, I can’t afford to wait […]