Tax Preparation Tips

With these Tax Preparation Tips, we will be able to maximize your refund.
Find out how you can get a higher refund here, when preparing your taxes.

How to Thrive in the Growing Gig Economy

If tax time doesn’t bring you a lone W-2, but instead a 1099-MISC — or even several of them — you’re no longer that unusual.  More than one-in-five members of the working-age population are freelancers or self-employed, according to the Freelancer…

How to Thrive in the Growing Gig Economy

If tax time doesn’t bring you a lone W-2, but instead a 1099-MISC — or even several of them — you’re no longer that unusual.  More than one-in-five members of the working-age population are freelancers or self-employed, according to the Freelancer…

W-4 Withholdings after Tax Reform: What You Need to Know

Most changes under the new tax bill signed into legislation in December of 2017 took effect this past January for the 2018 tax year. Depending on a taxpayer’s situation, the impact of that change can vary. Most people’s tax bills will likely go down, w…

W-4 Withholdings after Tax Reform: What You Need to Know

Most changes under the new tax bill signed into legislation in December of 2017 took effect this past January for the 2018 tax year. Depending on a taxpayer’s situation, the impact of that change can vary. Most people’s tax bills will likely go down, w…

How to File Your Taxes with Side Income

Want to maximize your 2017 tax refund? Get organized now.During the first week of the 2018 filing season, the IRS processed more than 18 million individual income tax returns—and issued more than $12.5 billion in refunds.If you’re looking to …

Homebuyer Credit Recapture Discharged in Bankruptcy

Those who purchased a home on or after April 9, 2008 and before January 1, 2009, were able to claim a first-time homebuyer credit of $7,500. However, the credit is recaptured ratably over a period of 15 years beginning in 2010 through 2024. In other w…

No Corporate Deduction for Home Office Rent

A doctor who incorporated his practice worked as a contractor in a hospital emergency department. He used the second story of his residence to access patient records remotely and to do continuing education training and medical board certification acti…

When Do the 2018 Tax Reform Changes Take Effect?

Tax reform imposes the biggest change to the tax code since the 1980s. And many people are wondering what’s changed, how it will affect them, and what they should do about it.For most individuals, very little impacts their 2017 return. Except for the l…

2017 Tax Extenders Passed: TaxAct Updated

Congress recently extended a number of tax breaks for 2017 that include the extension of a few previously expired deductions and credits. Here’s a look at three of the key provisions that impact individuals and families. Qualified mortgage insurance pr…