If you travel regularly for business, there may be times when you decide to bring the family along. After satisfying your work commitments, you have the opportunity to enjoy some quality family time even when you’re on the road, and, as an added bonus, a portion of your vacation might lower your tax liability. While [...]
This article was written by guest blogger Eva Rosenberg. Your adjusted gross income (AGI), which is your gross income minus deductions such as retirement contributions and other adjustments, is one of the most important numbers in your entire tax return. It’s used to determine limits on many types of deductions, credits, and tax rates, as [...]
Mythbusters: tax deductions. Yes, in certain situations you can claim your significant other as a dependent or deduct medical expenses. Whether you filed for a tax extension and have yet to file your taxes for last year, or you’re simply thinking ahead to next tax season, it’s important to know the facts about tax deductions. [...]
What to do now if you can't pay your taxes in April. Four suggestions to help you get back on track with the IRS if you can't pay your taxes in April. This post was written by guest blogger Eva Rosenberg. When it comes to your taxes, the best way to avoid stress and problems [...]
Seven last-minute tips to maximize your tax refund. Don't miss out on an opportunity to reduce your taxes owed and maximize your tax refund. Tax season has begun, and while you may think it’s too late to do anything that can impact your taxes, that’s not the case. Even now you still can maximize your [...]
What to know when filing a tax extension. When you might need to file an extension and how to find the forms you need when filing a tax extension. The deadline to file your taxes is nearly here. Perhaps you are still waiting for the right paperwork in order to file your tax return. Or [...]
When it’s time to file taxes, navigating the world of tax credits and tax deductions can be confusing. They seem similar, yet they work differently. How do you know what to claim? What will save you the most money? The Basics: What’s the difference between tax credits and tax deductions? Tax credits reduce your actual [...]
If you owe money to the IRS, the agency could file a tax lien against you. A tax lien is a legal claim to all of a taxpayer’s property for the amount that taxpayer owes the IRS. It establishes priority rights against other creditors that might also have liens against the taxpayer’s assets. In addition [...]
Fantasy sports leagues are booming, with an estimated 41 million players last year in the United States and Canada, according to the Fantasy Sports Trade Association. The average U.S. fan of sports fantasy leagues spends about nine hours each week on his or her team. Fantasy sports players also spend an average of $111 in [...]
https://www.youtube.com/watch?v=1bQOJeepeW0 If you're looking for a tax professional to help you with your taxes this season around Atlanta, consider the Georgia Association of Enrolled Agents. You can find them online here. Here are four of my favorite enrolled agents, if you need help. Bill Nemeth Bill Nemeth is the immediate past president of the [...]
