Seven last-minute tips to maximize your tax refund. Don't miss out on an opportunity to reduce your taxes owed and maximize your tax refund. Tax season has begun, and while you may think it’s too late to do anything that can impact your taxes, that’s not the case. Even now you still can maximize your [...]
What to know when filing a tax extension. When you might need to file an extension and how to find the forms you need when filing a tax extension. The deadline to file your taxes is nearly here. Perhaps you are still waiting for the right paperwork in order to file your tax return. Or [...]
When it’s time to file taxes, navigating the world of tax credits and tax deductions can be confusing. They seem similar, yet they work differently. How do you know what to claim? What will save you the most money? The Basics: What’s the difference between tax credits and tax deductions? Tax credits reduce your actual [...]
If you owe money to the IRS, the agency could file a tax lien against you. A tax lien is a legal claim to all of a taxpayer’s property for the amount that taxpayer owes the IRS. It establishes priority rights against other creditors that might also have liens against the taxpayer’s assets. In addition [...]
Fantasy sports leagues are booming, with an estimated 41 million players last year in the United States and Canada, according to the Fantasy Sports Trade Association. The average U.S. fan of sports fantasy leagues spends about nine hours each week on his or her team. Fantasy sports players also spend an average of $111 in [...]
https://www.youtube.com/watch?v=1bQOJeepeW0 If you're looking for a tax professional to help you with your taxes this season around Atlanta, consider the Georgia Association of Enrolled Agents. You can find them online here. Here are four of my favorite enrolled agents, if you need help. Bill Nemeth Bill Nemeth is the immediate past president of the [...]
Choosing the right tax professional. Four questions to ask when looking for a tax professional who is qualified to help you maximize your tax refund. Last year, nearly 48 million taxpayers prepared their own tax returns, accounting for 38 percent of all electronic filings. In addition, self-preparation increased by 6 percent compared with 2013. While [...]
A recent issue of Quill, the Society of Professional Journalists’ national magazine, featured articles that explained the benefits of taking on side projects—something many people consider doing in order to make some extra cash. In addition to having fun, the journalists who wrote the pieces honed their skills, made some extra money, and increased their [...]
If you lose your job, your tax bill probably isn’t going to be the first thing on your mind. But when you file for unemployment, you’ll need to pay attention to your state’s tax laws. I live in California, which doesn’t tax unemployment benefits, so I was surprised to find that the majority of states [...]
The National Center for Charitable Statistics reports that more than half of charities and foundations said they received the majority of their donations in October, November, and December. If you made charitable contributions over the holidays and you want to receive tax deductions for them, how you made your donations is important. Situations that don’t generate [...]
