Tax Preparation

Tax Considerations When Re-Financing

Tuesday, October 3rd, 2019

For many homeowners the overall goals of re-financing are often paying less in interest overall and reducing monthly payments. When a homeowner is able to obtain a lower interest rate, there is usually the opportunity to re-finance the mortgage to capitalize on the lower interest rate.

How Tax Credits Can Encourage Retirement Savings

Thursday, August 17th, 2019

These days it is more important than ever before to save for a comfortable retirement. With traditional defined benefit pension plans quickly becoming a thing of the past, and the future of Social Security looking more unsure every day, it has never been more vital to take charge of your own retirement. Fortunately, the tax code includes some important advantages, and some great tax savings, for those who are willing to save for a rainy day.

Reduce Your Federal Income Taxes: Part 2

Friday, May 26th, 2019

Getting the most out of your taxes should be a top priority for every working man and women, especially if you have a family.

Reduce Your Federal Income Taxes: Part 1

Wednesday, May 24th, 2019

Your goal is to take advantage of everything that will allow you to reduce your tax liabilities.

Understanding Tax Credits for Retirement Savings

Thursday, May 18th, 2019

It is not often the government gives away money, but the government does provide an important tax credit to help eligible taxpayers save for a more comfortable financial future and a better retirement.

Understanding Capital Gains and Losses

Tuesday, May 16th, 2019

Every taxpayer and every investor will need to understand the world of capital gains and capital losses. This article provides some guidance on how the IRS sees these issues and what taxpayers can do.

How to Get a Jump Start on Your Taxes

Friday, April 28th, 2019

Paying taxes is nobody’s idea of a great time, but there are a number of things taxpayers can do to make tax time less stressful. This article provides some practical advice for taking the bite out of tax time.

What Is Estate Tax?

Sunday, March 12th, 2019

Estate tax differs from income tax in that income tax is owed every year on any incoming revenue.

The Time to Reduce Next Year’s Taxes Is Now

Wednesday, February 8th, 2019

No one likes to pay taxes, and no one wants to pay more taxes than are absolutely necessary. Proper tax planning does not begin on April 14; instead it is a year long process. This article focuses on the best way to reduce your tax bite.

Choosing a Tax Preparer

Monday, February 6th, 2019

Few financial decisions are as important as choosing the right tax preparer. Choosing an unqualified tax preparer can cost you money, or even get you in trouble with the IRS. This article focuses on what to look for in a tax professional.

Charitable Contributions and Taxes

Thursday, January 5th, 2019

There are many excellent reasons to give to your favorite charity, and while saving on taxes may not be at the top of the list it is an important consideration. How you structure your charitable giving can have a profound effect on both your tax situation and the value of your gift to the charity.

Planning for the New Tax Laws

Friday, December 30th, 2018

With the ever changing tax laws it is difficult for even tax experts to keep up with the changes. It is vital, however, to know what the current laws are and act accordingly. This article focuses on some steps you can take to prepare for the new tax season.

New Tax Rules for 2018

Thursday, December 29th, 2018

Every new year seems to start with a whole new set of rules for how we pay our taxes, and how much we have to pay. This article focuses on what you need to do to prepare for the upcoming tax season.