Filing income taxes when you move out of state can quickly become complicated. Consider all of these factors before you file. Q: We sold our house in Connecticut and moved to Virginia. Do we have to file income taxes in both states? Our house was sold in end of July of last year and we [...]
For some, the process of filing income taxes can be a complicated one; however, it can become even more complicated for those who need to file returns for more than one state. This is where Maryland CPA John Curtin sees the most confusion among his clients. The rules for paying income taxes as a non-resident [...]
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. [...]
Choosing the right tax professional. Four questions to ask when looking for a tax professional who is qualified to help you maximize your tax refund. Last year, nearly 48 million taxpayers prepared their own tax returns, accounting for 38 percent of all electronic filings. In addition, self-preparation increased by 6 percent compared with 2013. While [...]
This article was written by guest blogger Eva Rosenberg. Is there an age limit when it comes to paying taxes? No. Age has nothing to do with taxes; it’s all about income. Regardless of your age, if you work for someone who pays you or if you own a business, you are required to pay [...]
Four ways to Live Tax-free. Here are a few strategies for those who want to live a tax-free life without breaking the law. We all know that paying taxes is a necessary part of life. Yet the news is constantly filled with reports of people being caught with offshore, untaxed funds in an effort to [...]
This article was written by guest blogger Eva Rosenberg. You’re working on filing taxes, and you’ve got a refund due to you. But you’re missing one or two key W-2s, and they just don’t seem to be coming. Are you feeling antsy? One of the most common—and frantic—questions asked of TaxMama at this time of [...]
This article was written by guest blogger Eva Rosenberg. My brother and I have been working since we were in our early teens. Like many teens, not knowing anything about taxes, I just let my dad take care of any necessary filings until I moved out at age 18. When Should You Start Filing Tax [...]
