Posts by zestsms
What to Do if You Haven't Filed a Tax Return
Filing a past due return may not be as difficult as you think. Taxpayers should file all tax returns that are due, regardless of whether full payment can be made…
Read MoreTop Ten Facts About Adoption Tax Benefits
If you adopted or tried to adopt a child in 2014, you may qualify for a tax credit. If your employer helped pay for the costs of an adoption, you…
Read MoreGood Records Key to Claiming Gifts to Charity
Keeping good records is key to qualifying for the full charitable contribution deduction allowed by law. In particular, this includes ensuring that they have received required statements for two contribution…
Read MoreLost Your Job? There Could Be Tax Consequences
Given current economic conditions, you may be faced with tax questions surrounding a job loss and unemployment issues. Here are some answers: Q: What if I received unemployment compensation in…
Read MoreWhat Income is Taxable?
Are you wondering if there’s a hard and fast rule about what income is taxable and what income is not taxable? The quick answer is that all income is taxable…
Read MoreFive Last Minute Tax Tips for 2015
Are you one of the millions of Americans who hasn’t filed (or even started) your taxes yet? With the April 15 tax filing deadline almost a week away, here is some…
Read MoreWho Should File a 2014 Tax Return?
Most people file a tax return because they have to, but even if you don’t, there are times when you should because you might be eligible for a tax refund…
Read MoreCan You Take the Earned Income Tax Credit?
Since 1975, the Earned Income Tax Credit has helped workers with low and moderate incomes get a tax break each year. Four out of five eligible workers claim EITC. Wondering…
Read MorePenalty Relief: Overpayment of ACA Tax Credits
Beginning in 2014, an eligible individual or family member covered under a qualified health plan through a Health Insurance Marketplace (Exchange) is allowed a premium tax credit. The premium tax…
Read MoreUsing a Car for Business? Grab These Deductions
Whether you’re self-employed or an employee, if you use a car for business, you get the benefit of tax deductions. There are two choices for claiming deductions: Deduct the actual…
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