As a small business owner, you can make your taxable profit lower by claiming small business deductions. While you, or the accountant you hire, prepares your business tax return,...
Posted by CROMWELL & ASSOCIATES, LLC on 05/31/2017
Tax debts are no fun. They can accumulate for a myriad of reasons ranging from ignorance concerning what should be done when filing taxes, to completely unfiled tax returns. Of course,...
Posted by CROMWELL & ASSOCIATES, LLC on 05/24/2017
Americans are required to file their annual tax returns by April 15th. However, there are numerous challenges as far as filing your income is concerned. It is generally advisable...
Posted by Bottom Line Tax Services, LLC on 05/17/2017
When preparing your tax return, you have to choose between standard deductions and itemized deductions. Your choice would likely depend on the higher figure, which is what most taxpayers...
Posted by ICHIBAN INTL., INC. dba US-Taxman on 05/17/2017
Everyone wants to save money on their taxes, but most people think they must itemize everything if they are going to maximize any refund. While this may be the case in some instances,...
Posted by Maureen Thielen, EA, MST on 05/10/2017
Most taxpayers believe that if they want to claim any deductions but the standard ones, they must file an itemized tax return. The truth is there are a series of deductions that may...
Posted by RONNIE@RLDARDENCPA.COM on 05/10/2017
According to Topic 602 - Child and Dependent Care Credit - of the American Tax Code on the IRS website, you may qualify to claim child care and dependent care deductions if during...
Posted by PB Tax & Accounting Services on 05/09/2017
Small business deductions come in many different forms and while there are some basic expenses that are easy for anyone to figure out and deduct, there are plenty of potential deductions...
Posted by CROMWELL & ASSOCIATES, LLC on 05/09/2017
If you amend your 2017 tax return, it means that you must file a new form with the IRS, namely a 1040-X. Not all situations, however, require you to file an amended return. even though...
Posted by Bottom Line Tax Services, LLC on 04/26/2017
