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Lost 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 receive unemployment compensation in…
Read MoreTax Tips for the Self-Employed
If you normally carry on a trade or business as either a sole proprietor or an independent contractor, you are self-employed for income tax purposes. If this applies to you,…
Read MoreTen Facts About Capital Gains and Losses
Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings, and stocks and bonds…
Read MoreParents: Don't Miss Out on These Tax Savers
If you have children, you may be able to reduce the amount of taxes owed for the year using tax credits and deductions. Here are several tax benefits you might…
Read MoreFiling Tips for 2015 Tax Returns
Are you one of the millions of Americans who hasn’t filed (or even started) your taxes yet? With the April 18 tax filing deadline having come and gone, here is…
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 Overlooked Tax Breaks for Individuals
Confused about which credits and deductions you can claim on your 2015 tax return? You’re not alone. Here are five tax breaks that you won’t want to overlook. State Sales…
Read MoreExemptions and Dependents: Top Ten Tax Facts
Most people can claim an exemption on their tax return. It can lower your taxable income, which in most cases, that reduces the amount of tax you owe for the…
Read MoreThe Individual Shared Responsibility Provision
The individual shared responsibility provision requires that you and each member of your family have qualifying health insurance, a health coverage exemption, or pay a shared responsibility penalty for any…
Read MoreTax Due Dates for March 2016
March 15 Corporations – File a 2015 calendar year income tax return (Form 1120) and pay any tax due. If you want an automatic 6-month extension of time to file…
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