Last Updated 21st August, 2014 The tax preparation industry is big business. Each year around $20 billion is paid to software companies and preparers of individual tax returns and well over $3 TRILLION flows between Uncle Sam and taxpayers in the form of refunds and taxes owed. With this much money at stake, it shouldn’t […]
It hurts to get a big tax bill and find out that you owe the government.
But there are some ways you can start to lower your taxes in the future.
In this section you will find many articles about taxes with guest articles and interviews with CPAs.
Last Updated 24th March, 2014 The IRS says U.S. taxpayers spend an average of 13 hours reading up on tax rules, gathering paperwork, and filling out their tax forms. And let’s not forget, of course, that taxes are a big expense for most Americans. In fact, the typical U.S. family pays more than […]
Last Updated 3rd March, 2014 Q: My wife and I are preparing our taxes ourselves this year. We have over $1000 worth of medical co-pay expenses but we can’t get these expenses accepted. What should we do? Related Questions:are copays deductible as a medical expensecopay irs deductionsincome tax deductible expensesIRS Deductions List copayirs medical expense deduction […]
Last Updated 4th April, 2014 Now that tax season is upon us, it’s even more important to be vigilant about the latest tax scams and fraudulent activities that could lead to identity theft. The Internal Revenue Service has announced its annual ‘Dirty Dozen’ scams for the 2014 tax season and encourages taxpayers to pay more […]