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If you bought a house or owned in house in 2013, there may be more deductions than you knew about.

For itemized deductions, most people know that you can deduct the interest you pay on your mortgage. Here’s a list more deductions you may be able to take as well.

Posted February 23, 2014
Tips

Sure getting married means you’ll more than likely change your filing status, but there are also some other administrative things that need to happen as well.

Posted February 23, 2014
Tips

Not sending out 1099s can be costly. Here’s what business owners are responsible for.

Posted February 23, 2014
Tips

The distinction between capital expenditures and expenses may seem obvious. But the IRS may see it differently.

There are capital expenditures and there are expenses. And most of the time, the line between them seems pretty clear to business owners come tax season. But there can be some gray areas.

Posted February 23, 2014
Tax Tips

If you incurred a significant amount of healthcare and dental cost costs last year, you may be eligible for a deduction when making your itemized deductions.

There are several things that you can deduct provided your healthcare costs were over at least ten percent of your yearly gross income:

Posted January 29, 2014
Tips

If you’re taking care of a parent in their sunset years, you may be able to claim them as a dependent.

It doesn’t have to be a parent per se, it can be a family member that you are giving care to. It can be a family member such as an aunt or uncle.

Posted January 29, 2014
Tips

Did you invest in making your home more energy efficient last year? If so, you may qualify for a tax credit.

Posted January 29, 2014
Tips

If you’re self-employed, there’s a treasure trove of expenses you can deduct.

There are all sorts of expenses you can deduct as a result of being self-employed. It’s important to note that even if you’re a full-time employee at a company but have a business on the side you can still deduct those expenses.

Posted January 29, 2014
Tips

Budgeting the same for all the months is a pitfall. Here’s some things unique to January that you should be budgeting for.

Posted January 4, 2014
Tips

Receiving a notice from the IRS can be daunting. Here’s some facts to eliminate the fear of the unknown.

There are a multitude of reasons the IRS sends notices to millions of taxpayers per year.

More times than not, a notice sent by the IRS is specific to one issue. The most common reasons are:

Posted January 4, 2014