How Can the IRS Help Kids?

July 10, 2012 by  | Leave a Comment Filed under: Taxes 

If you have children, you already know that you can receive tax benefits to cover the costs of childcare. However, did you know that the government is handing out money to help your kids go to summer camp as well? As a parent, most of us dread the summertime mainly due to the out-of-pocket (read on...)



How to Make Your Life Tax Deductible

June 26, 2012 by  | Leave a Comment Filed under: Taxes 

It is important for you to keep in mind that taxes are neither fair nor logical, and this becomes painfully obvious the more you learn about the Tax Code and the role of the Internal Revenue Service (IRS). Furthermore, IRS Tax Code is subject to change at a moment’s notice. The United (read on...)

Why the Revenue Code Will Never Be Simplified

May 16, 2012 by  | Leave a Comment Filed under: Taxes 

As of this writing, the U.S. Revenue Code has a total of somewhere in the neighborhood of 72,500 pages and counting. This is truly an incredible figure when you think about it. The instruction manual that is supposed to assist the citizens of the United States with “putting together” (read on...)

The True Cost of Cost Basis

May 16, 2012 by  | Leave a Comment Filed under: Taxes 

Cost basis is a simple idea to understand on the surface, but becomes increasingly complicated as you dig deeper. In order to fix this, Congress did what it does best: made the issue even more complex. The Emergency Economic Stabilization Act of 2008 included new tax reporting requirements, (read on...)

9 Rules for Negotiating With the IRS

May 16, 2012 by  | Leave a Comment Filed under: Taxes 

The notices are piling up, and you’ve reached the place where you’re thinking the un-thinkable: it’s time to negotiate with the IRS. Don’t panic; sit down, take a deep breath, and read on. Whatever you are trying to resolve, the approaches listed here will help. The Oil (read on...)

Who Will Pay Taxes?

May 6, 2012 by  | Leave a Comment Filed under: Taxes 

Each April our thoughts turn to the coming of spring and the coming of the tax man. I hear a lot of people complaining about taxes at this time of year. Not just that they have to do their taxes and spend hours pouring over old records and trying to figure out indecipherable forms, but also (read on...)

Get Prepared for Tax Season

March 5, 2012 by  | Leave a Comment Filed under: Taxes 

When it comes to your personal finances, you need to remember that at some point in time, you will have to file your taxes. Tax season is already here and there are some things you need to do to prepare. However, you should constantly be getting ready for tax season and not waiting till the last (read on...)

Getting Ready for Tax Work – 2012

February 22, 2012 by  | Leave a Comment Filed under: Taxes 

By now, your 2011 tax work should be ‘in the can’ and well on its way to your tax preparer. If it’s not and you’re dreading the idea of even getting started on it, perhaps it’s time to rethink your approach to annual tax work. Here in our back offices where we (read on...)

Bankruptcy: An Alternative to the Short Sale

February 16, 2012 by  | Leave a Comment Filed under: Bankruptcy 

The real estate market is struggling right now and many homeowners have homes with mortgages they can’t afford but are unable to sell their property because they owe more than the home is worth. For homeowners in this situation, the short sale is becoming more popular, but for many people (read on...)

Getting Ready for Tax Season

February 10, 2012 by  | Leave a Comment Filed under: Taxes 

It is the time of year that some people absolutely love, while other completely panic. Do you love getting money back? Or do you panic every year thinking about how much you could owe? Yes everyone, Tax season is upon us again. Whether you love it or hate it, preparing your taxes is something (read on...)