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Understanding taxes and your 1040

Understanding taxes and your 1040

Understanding taxes and your 1040 Taxes.  Everyone hates them.  Nobody wants to deal with them.  Unfortunately, they are an evil necessity in the United States.  This time of year brings a lot of thought about taxes and everything involved in making sure you file a...
Understanding taxes and your 1040

2020 Taxes: Things to Know and Credits to Claim

2020 Taxes: Things to Know and Credits to Claim It is important to prepare your tax returns as soon as possible this year. That does not mean file them but just get them prepared to find out what your income was for 2020. There are many new rules and tax credits that...
Changes to the 2018 Tax Forms

Changes to the 2018 Tax Forms

Your 2018 1040 tax return will look very different than years past.  With the passing of the Jobs and Tax Act back in 2017, the Internal Revenue Service is experiencing the most substantial changes to the tax code in over 30 years.  These changes include...
Starting 2019 Off Right: Planning for 2019 Taxes

Starting 2019 Off Right: Planning for 2019 Taxes

It is important at the end of the year to start thinking about next year’s tax situation.  While it is likely too late in the year to fix any issues you had in 2018 with your withholding or estimated tax payments; but it is never too early to get your situation...
Top 4 Reasons Not to Ignore Tax Debt

Top 4 Reasons Not to Ignore Tax Debt

Tax Debt: A Debt Not to Ignore Owing taxes may not seem like a big deal. Tax debt is not immediately reported on your credit and the IRS seems to only send collection letters. While it is true, the Internal Revenue Service (IRS) is not usually aggressive the first...