July 15, 2020, marked the end of tax season for those taxpayers not on extension. The revised due date made for an interesting tax season, for sure, but even so, some things are universal – and that includes tax advice. I asked some of the best tax folks I know to share their top tax…
If you follow me on social media, you know that my son asked me to pack candy for his school lunch today. That’s right, candy. We were out of sandwich bread at the house but we have bags and bags of Halloween candy in the kitchen so Charlie figured he’d take a stab at it…
With just two weeks to go until Tax Day, many taxpayers are scrambling to finalize their returns. The race to finish up, however, can sometimes result in mistakes, including missed opportunities to save on tax dollars. Before you sign your return, consider these not quite last minute tax tips courtesy of Bloomberg BNA: Double-check your…
Are you in tax trouble? What better time to fix things than National Get Out Of the Doghouse Day? Yep, it’s a real thing. And no, not dreamed up by Hallmark… but close. The day was dreamed up in 1999 by Heidi Richards as a way to promote her floral business. Today, the quirky holiday…
Each year, the Internal Revenue Service identifies some of the most common mistakes taxpayers make when filing returns. Here are 11 tips to help you file a last minute (mostly) flawless tax return.
With Tax Day just around the corner, it’s go time for taxpayers. If you’re struggling to get those returns finished, here are thirteen last-minute filing tips: 1. Get some free help. Free help is still available for qualifying taxpayers. If you have a simple return and income less than $50,000, contact IRS VITA at 1.800.906.9887…
Tax season starts on January 30! To get things started, I asked tax professionals around the country to give me their top tax tips. Here’s some of what they had to say: If you refinanced in 2012, be sure to write off any prior refi costs that you have been writing off over a number…
The Department of Labor released its jobs report for June this week and the results weren’t pretty. Only 18,000 new jobs were created in June, representing 7,000 fewer jobs than detailed in a disappointing May report. The unemployment rate continued to climb, hitting a whopping 9.2%, giving June the undesirable distinction of the month with…
I was interviewed earlier this week on TurboTax. Check it out: TaxCast: Last-Minute Tax Tips | The TurboTax Blog
Looking for ways to reduce your overall tax burden for the current year? If you’re a business owner with a calendar tax year, consider paying bills now before the new year. This includes the electric bill, phone bill, rent, health insurance and employee bonuses. Don’t forget about office supplies and small equipment that you might…