Adoption Has So Many Benefits – Why Not Taxes As Well?

March 31, 2011 by  | Leave a Comment Filed under: Taxes 

Adoption Tax Benefits: Credits & Deductions The last thing on a future parent’s mind of an adopted child is what benefits, beyond the impact on a child’s life, might be available. However, with the rising need for adoption, coupled with the rising costs associated with the (read on...)



FAQs and Tips for the Unemployed

March 31, 2011 by  | Leave a Comment Filed under: Taxes 

Tax season can be an absolute nightmare for people out of work and hard pressed to turn up any extra cash. But the reality remains that unemployed individuals are still required to report to Uncle Sam. With the current unemployment rate still hovering at close to 9%, the number of people (read on...)

Saving for Retirement: It’s About More Than Just the Golden Years

March 31, 2011 by  | Leave a Comment Filed under: Taxes 

Maximizing Taxpayer Retirement Credits & Deductions For taxpayers in the current economy, being able to save for retirement and enjoy those “golden years” is becoming a more difficult proposition than ever. With that said, it is important to recognize that the benefits are not (read on...)

Tax CPE Basics About the Earned Income Credit

March 31, 2011 by  | Leave a Comment Filed under: Taxes 

The Earned Income Tax Credit is available to taxpayers with specified income levels and family sizes. The credit is refundable, meaning it creates or increases a tax refund when it exceeds tax liability. In fact, the earned income credit is often provided to families that don’t owe any (read on...)

The First Step in Tax Preparer Jobs

March 31, 2011 by  | Leave a Comment Filed under: Taxes 

When a Registered Tax Return Preparer starts a project, the first step is identifying the filing status of the taxpayer. Filing status permits determination of a standard deduction amount, eligibility for various tax credits, income phase-out limits for certain deductions and credits, as well as (read on...)

Joint Taxes and Innocent Spouse Relief

March 31, 2011 by  | Leave a Comment Filed under: Taxes 

One of the many great benefits of marriage is filing jointly for taxes. Sure it may not sound that exciting, but you can take advantage of more deductions if you file jointly. Even when you file jointly, both spouses are responsible jointly and individually for the taxes due and any penalties (read on...)

What Enrolled Agents Should Know About IRS Tax Debt Settlement?

March 31, 2011 by  | Leave a Comment Filed under: Taxes 

The Internal Revenue Service is streamlining some tax debt settlement procedures that affect the work of enrolled agents. The new measures are intended to help more taxpayers resolve their liabilities with the IRS. One of the steps taken by the IRS is providing withdrawals of tax liens for those (read on...)

What’s All The Hype About Energy Rebates?

March 31, 2011 by  | Leave a Comment Filed under: Taxes 

Did you know that you can change your lights to LEDs and in addition to saving 50 to 80 percent on your utility bill each month, you can get more money back on top of your savings to help pay for your new lighting? It sounds unbelievable, but it can happen with energy rebates. These incentives (read on...)

Tax Guide for Daylight Savings and Hourly Workers

March 31, 2011 by  | Leave a Comment Filed under: Taxes 

How does daylight savings time impact hourly employees? Employers? Overtime? Every spring and every fall, Daylight Savings Time impacts hourly workers and employers across the country. As we “Spring Forward” each spring, employees who are working overnight as the time change occurs (read on...)

Self-Employed Need Apply: Tax Deductions That Pay Come Tax Time

March 31, 2011 by  | Leave a Comment Filed under: Taxes 

According to a recent survey by the Boston College Department of Economics, the number of self-employed individuals rose last year by nearly 7 %, and there is ever indication that this number will continue to rise. With this trend comes a golden opportunity for IRS enrolled agents, CPAs and other (read on...)

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