Category Archives: Income Taxes
Who Should Prepare Your Taxes? Part Two
ShareIn part two of this blog we will talk just a little about tax preparers other than CPA’s, Attorney’s, and EA’s. We will also discuss some recommendations and conclusions about who you should use for your income tax preparation and … Continue reading
Who Should Prepare Your Taxes? Part One
ShareI try not to post blogs this long, but consider this an important issue with a lot of information you should pay attention to. I am going to try splitting it into two parts. This first part will cover CPA’s, … Continue reading
Filing allowed for Depreciation and Education Credit Forms
ShareThe Internal Revenue Service has announced that it will begin processing returns with depreciation forms (form 4562) on February 10, 2013. They also announced that those returns claiming education credits will begin to be processed on February 14. These two … Continue reading
Should We Build A Death Star?
ShareThis issue is not heavily tax related, but is interesting nonetheless. It is also interesting to note that the White House has increased the number of signatures required to respond to a petition to 100,000 from 25,000 since this petition … Continue reading
Is Social Security Income Taxable?
ShareThose individuals who receive social security income may find that income is partially taxable when the file their income tax returns. If you are single and your total “combined” income (an IRS term for adjusted gross income from your tax … Continue reading
Where Is My Refund?
ShareWith tax season “postponed” by 8 days by the IRS this year, some early filing taxpayers may be concerned about how long it will take to receive their refunds. The IRS will not begin processing tax returns this year until … Continue reading
Exchange Students
ShareIn our family we have hosted exchange students a number of times in the past. I strongly recommend doing so to anyone who has an interest. It can be a great experience for the entire family. It can also be … Continue reading
Office In Home Simplification
ShareThe IRS recently issued Revenue Procedure 2013-13. This new procedure for computing the office in home deduction (OIH) is intended to simplify the process. In some instances it does. For most people it will probably create a smaller office in … Continue reading
Extension for Farmers and Fishermen
ShareThe IRS announced on Friday that due to the extended processing time for many tax forms, that the deadline for any farmers and fishermen who were counting on the March first deadline for not having to make estimated tax payments … Continue reading
Retirement Plan Limits
ShareThe elective deferral (the contribution you make) for employees who participate in 401(k), 403(b), most 457 plans, and the government’s Thrift Savings plan is increased to $17,500 for 2013 from $17,000 for 2012. If you are age 50 or older, … Continue reading
