The thought of being audited by the IRS can be horrifying. Much of that fear probably comes from not really understanding an audit. In many cases, people don’t understand how or why they are getting audited, what they need to do once they find out they are being audited, and what happens next for them. […]
The tax deadline is here! If you are still finishing your tax return today, be sure to see the Last Minute Checklist for Getting Your Taxes Done Right! And if you aren’t going to finish today, you’ll want to head straight for the information in How to File for a Tax Extension. Once your taxes […]
Before you head out to file your taxes before the tax deadline, you’ll need to grab more than just your wallet to pay your tax professional for their services. There are a large number of items you need to bring with you when filing your taxes. In many cases, these items are essential to filling […]
Do you find yourself stressed out around tax time? What about even thinking about doing your taxes? If so, you are not alone. Taxes are often thought of as a dreaded part of the year causing stress and leaving people feeling overwhelmed and depressed. Why Are Taxes So Stressful? Sure, the act of filing taxes […]
The Sales Tax Deduction is a deduction of your local sales taxes, when itemizing. What is the Sales Tax Deduction? You are deducting the sales tax that you have paid this tax year on purchases. You can either deduct your state income taxes or your state sales taxes, and you cannot deduct both of these. […]
What is the Home Office Tax Deduction? You may be eligible for a Home Office Tax Deduction if you use part of your home for a business use. This Home Office Tax Deduction can be used for all types of homes, and it is available for both homeowners and those who rent. Who can use […]
It can be pretty scary and unnerving when you owe the IRS money especially when you did not think you were going to owe taxes. There are many reasons why you may owe the IRS once you are done filing your federal income taxes this year. If you find yourself owing and don’t have the […]
Decorating your home or apartment doesn’t mean that you have to go broke doing it. If you’re creative and use a few helpful tricks, you can decorate your space with money to spare. Have fun with it. Here are some helpful tips to decorate on a budget. Budget Friendly Decorating Tips Buy couch covers. Instead […]
For many people, they are relieved to receive a refund check from the IRS after filing taxes. After a year of hard work and the stress of filing taxes, it feels good to receive this money to put in your savings account or make your budget more manageable for a while. However, it is possible […]
Being self-employed can be great. Potentially, you can set your own hours, not have to answer to someone over your shoulder, and ideally, be doing something you love. However, being a self-employed person or doing any kind of freelance work can become quite tricky during tax time. While there can be certain benefits to being […]
