Everyone wants to reduce their taxes and their taxable income, especially retirees and those who are living on a fixed income. They want to lower their tax liability more than anyone...
Young families can keep their tax bills low by following some significant measures. Our list will help them to save for college, benefit from their flex account, and through many other...
Posted by Patrick O'Hara, EA on 02/01/2016
Are you an American native planning a move overseas or are you already living abroad? Do you have years of pendingtax returns? Even though it may seem tempting, you should never ignore...
You’ve seen the commercials, heard the claims of your neighbors, and the other day you realized that they offer tax filing in your local library! So why not take advantage...
Posted by Allan J Rolnick, CPA, CTC on 01/19/2016
Surprisingly, not everyone needs to file a tax return each year. Whether you have to file could even vary from year to year. You may not be required to file if you meet certain criteria,...
Posted by Laurence Smith on 01/13/2016
Drought has been a serious issue for many states in 2015. In most situations, it has hit ranchers and farmers the hardest. Many farmers and ranchers have had to sell livestock earlier...
Posted by Laurence Smith on 01/13/2016
Partnerships are unique business entities. They are not quite sole proprietorships and they are not quite corporations or companies. That also means that they are taxed differently...
Owning your first home is an exciting time, but it can also be a heavy burden on your pocketbook. Actually buying the home, plus closing costs, insurance, inspections, and other expenses...
It’s no secret that college is expensive—from the tuition to the textbooks. The IRS offers two major educational credits to help offset these costs. One of them is the Lifetime...