Itemizing is to the IRS what the red smoke was to the people of Oz...a warning sign that something might be about to go pretty, darn wrong. Though an audit is much less final than...
Posted by Valderas Financial Solutions LLC on 07/19/2017
When preparing your tax return, you have to choose between standard deductions and itemized deductions. Your choice would likely depend on the higher figure, which is what most taxpayers...
Posted by ICHIBAN INTL., INC. dba US-Taxman on 05/17/2017
When you claim tax breaks to reduce your tax liability, you can accept the normal deduction or itemize them. Undoubtedly, it is simpler to take the normal deduction. However, if...
Posted by Valderas Financial Solutions LLC on 05/10/2017
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...
When we are making charitable donations, especially if they are larger donations of property or taxes, it can be easy to meet any necessary requirements to be able to take advantage...
When it is time for your tax return, it is important to find all of your deductions and credits in order to save more money than ever before. There are a lot of these deductions and...
When its tax time, reducing your tax liability means making sure that you have received all your credits and deductions. Many individuals are concerned about itemizing deductions,...
You’ve scheduled your appointment with Professional Accounting Services, Inc. in Owing Mills, Maryland, and you are ready to get started! But where do you start? Besides...
As you prepare to file your taxes, there is many deductions that might apply to your particular situation. One such area is the realm of medical expenses. While most of us know that...