Articles - Page 118

Tax Exemptions, which ones are you entitled to?

If you haven’t found a tax preparer to assist you in your tax filing adventures, you may be interested to know more about one of the beginning steps in determining what you owe,...

Your One Stop Guide to Tax Form 1040

Of all the forms involved in filing your tax return, tax form 1040 might just be one of the most important. This form is one of a few that helps you file your annual federal taxes,...

Tax Exemptions, which ones are you entitled to?

If you haven’t found a tax preparer to assist you in your tax filing adventures, you may be interested to know more about one of the beginning steps in determining what you owe,...

IRS Tax Liens

If you owe the Internal Revenue Service a large amount of money from previous tax years, and have not answered correspondence or started a payment plan, you may end up with a lien...

Dividend Income

If you received dividend income for 2015, you will need to report this income to the IRS and to the State of Maryland.  Dividend income is divided into two categories by the IRS,...

Charitable deductions and what you can claim

Do you happen to be the charitable type? Depending on which organization(s) you chose to donate your time, money, or goods to, you may be able to deduct those donations on your tax...

Hello everyone! This is Donna from Donna J. Jackson & Associates, PLLC. It seems that topic on everyone’s minds these days: how can I get more tax savings? I think we can all...

Making Lemonade Out of Lemons - Tax Loss Harvesting

AccountantHas the instability of the stock market got you thinking about what exactly you can do? Now may be this is the perfect time to make your own lemonade. It is wise to consider...

Investors: Make sure you avoid these 5 common tax mistakes

For most investors, and even certain tax accountants, sorting through the multifaceted IRS rules on investment taxes can undoubtedly be a nightmare. Drawbacks abound, and the consequences...