What Tax Accountants, CPAs & Tax Preparers Do – MEME March 07, 2012
TaxCure’s version of “what tax accountants do”. Please comment below and let us know what you like and don’t like about this. Also, please share with your accounting friends.
How to Itemize Miscellaneous Tax Deductions March 06, 2012
Many of us wonder, as we prepare our taxes, whether or not some of our expenses are deductible. A tax deduction offers you the chance to offset some of your income, reducing your taxable income and what you owe in taxes. However, some tax deductions are harder to categorize than others.
When Do You Need to File a Schedule B? February 28, 2012
As you prepare your taxes, it becomes fairly evident that there are many different forms and schedules to fill out. Which forms you fill out depends on your financial situation, especially where you are getting your money.
Required Minimum Distribution (RMD) Taxes on Retirement Accounts February 24, 2012
One of the realities of tax-advantaged retirement plans is that you eventually have to start withdrawing money from them. With the exception of Roth IRAs, you are required to receive distributions from your accounts each year once you reach a certain age – whether you need the money or not. That can have an impact on your tax bill, and you need to be ready for it.
Presidential Tax Quotes February 20, 2012
Happy Presidents Day! Taxes are as old as this country. Here are what some of our U.S. Presidents, Founding Fathers, and presidential hopefuls have had to say over the years (some more profound than others)…
How Long Should You Keep Tax Records & Documents? February 02, 2012
Do you have a stack of old tax records that you don’t know what to do with? Are you trying to decide what it is you need to keep and what you can throw out? It can certainly be a confusing and daunting task when it comes to deciding what you need to keep and what no longer needs to clutter your home. Your best bet is to hang on to your tax records until the period of limitations is up.
Should You Adjust Your Tax Withholding for 2012? January 26, 2012
As you consider your tax liability this year, it’s a good idea to consider your withholding. When you decide how many exemptions to claim, and how much extra to have withheld from your paycheck, you should do so with consideration toward your needs and your financial situation.
Is that Charitable Donation Tax Deductible? January 25, 2012
When we think of giving to charity, we often consider our largess to have a financial benefit – it’s tax-deductible. Being able to reduce your taxable income, with the help of a charitable donation, can provide a bit of a benefit to your pocketbook, even though you have given some money away.
2012 Deadlines & Due Dates for Filing 2011 Income Tax Returns January 25, 2012
Your 2011 Federal and state tax returns are due on April 17, 2012. The traditional due date for income tax filings is April 15th each year, but since April 15th falls on a Sunday this year – and with a Federal holiday on April 16th – the tax filing deadline is 4/17/12.
1099 MISC Reporting Requirements and Deadlines for 2011 January 18, 2012
When you hire contract workers or outsource work to businesses or individuals who are not employees of your company, you may be required to prepare and send them a 1099-MISC at tax time.
Local Tax Problem Professionals
Loading ...