Articles - Page 34

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...

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...

Tax Savings Tips

For many individuals, tax time can be frustrating. Changes to the tax code can often mean that last year’s deductions might not apply anymore or you no longer qualify. Working with...

Life Events That Influence How You Calculate Your Tax Refund

Life is always in a state of flux. People get married and divorced daily, children are born and other family members become dependent on us as we seek to take care for them. There’s...

The Irrevocable Life Insurance Trust: What It Is, Why It's Used

What Is The ILIT? The ILIT is short form for Irrevocable Life Insurance  Trust.  As its name implies, once constructed this trust fund is not revocable, nor may you...

Understanding the IRS Tax Levies

For those people who do not receive a tax refund, but actually owe the IRS money, the idea of a tax levy being placed on them can be crippling. If you believe that this may happen...

Tax Deductions for the State of California

Many of us know that taxes vary from state to state and the deductions for each state vary as well. Not only does the state account for the cost of living, but it also accounts for...

Income Tax Breaks

If there’s one that resident in the Portland metropolitan area can agree on, it is that income taxes are extremely high. Despite the lucrative minimum wages relative to the rest...

Federal Tax Deductions

Now that we’re in the current tax season, you may be wondering how to save money on the returns you file. It isn’t the easiest process, especially since the material distributed...