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.

5 Tips for Spouses of Disabled Taxpayers

If your spouse is disabled enough to receive disability benefits, your financial life is affected, too. It’s important to know the provisions of the Internal Revenue Service (IRS) code that affect you and your spouse when it comes to disability taxes.R…

5 Tax Tips for a Self-Publishing Author

Updated for tax year 2017.If you have a story, inspiration, or anything else you want to tell the world, there’s never been a better time to do it. You can self-publish in hard copies or with Kindle and other ebooks and get paid for your work. The trad…

Take Control of Your Financial Future with BluPrint

When it comes to your money, there’s no better feeling than knowing you have a plan for how to use it.But when it comes to putting a plan together, it’s hard to know where to start. What part of your financial picture should you prioritize? Debt repaym…

How to Better Organize your Finances as a Freelancer

Freelancing is growing in popularity, largely in part to the amount of freedom it offers. As a freelancer, you have the flexibility to pick and choose which projects to work on, when to work, what to charge, and of course, the convenience of working fr…

Cancellation of Debt Is Income

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It may be possible for an individual to escape credit card debt by settling up with the bank or other issuer. While the debt is off the person’s back, it does not relieve the debtor of income taxes on the cancelled debt. Such relief is called cancella…

Filing Season Begins

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The IRS announced that the filing season for 2017 income tax returns begins on January 29, 2018. If you file earlier, with a professional or through tax preparation software, the return won’t be submitted to the IRS until January 29. Refunds can begin…

IRS Mileage Rates for 2018

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If you drive your personal vehicle for business or certain other purposes, you can deduct your actual costs or rely on an IRS-set mileage rate. The IRS announced the rates for 2018; the rates for business and medical/moving expenses are one penny more…

Extensions for Rules that Expired in 2016

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As part of a budget deal passed on February 9, 2018, Congress has retroactively extended the tax provisions that expired at the end of 2016. The extensions are only for 2017 (with one exception noted below). The extensions apply to:
The exclusion from…

Tax Relief for Disaster Victims in California and Other States

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The wildfires, flooding, mudflows, and debris flows that started on December 4, 2017, in California resulted in a disaster declaration from FEMA (https://www.fema.gov/disaster/4353). The IRS has provided some tax relief to these victims in the form of…