Tax Tips

Tax Returns: What Can Go Wrong?
 

Tax Returns: What Can Go Wrong?

Posted: March 10, 2017
As the 2017 tax deadline looms, filers are grappling with many issues from filing late to correcting mistakes. The good news is that the IRS has several remedies that can be taken.

Is It Just a Hobby or a Business?
 

Is It Just a Hobby or a Business?

Posted: March 10, 2017
While some of us put more time and effort into hobbies than others, determining the line between what is a hobby and what is a business can help keep you informed at tax time. Here are some points to consider.

Choosing the Correct Filing Status
 

Choosing the Correct Filing Status

Posted: February 1, 2017
Sometimes more than one filing status may apply to taxpayers. When that happens, taxpayers should choose the one that allows them to pay the least amount of tax. Here’s a list of the five filing statuses.

How Exemptions and Dependents Can Reduce Taxable Income
 

How Exemptions and Dependents Can Reduce Taxable Income

Posted: January 31, 2017
Most taxpayers can claim an exemption for themselves and reduce their taxable income on their tax return. They may also be able to claim an exemption for each of their dependents. Here are seven key points to keep in mind on dependents and exemptions.