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Mar 8, 2013Calculating Alternative Minimum Tax
You got a raise and now you have to calculate AMT on top of your regular tax! As if the tax code weren’t complicated enough, many taxpayers have to worry about calculating the Alternative Minimum Tax (AMT) on top of their regular tax liability. What is the Alternative Minimum Tax? The AMT is a separate […]
adminMar 4, 2013What If You Live in a State That Has No Income Tax and Work in a State That Does?
Are you taxed where you work or where you live? Most people live and work in the same state, so filing state taxes is a no-brainer. But when you live and work in different states, taxes can get really confusing really fast, especially if your home state doesn’t have an income tax. So where exactly […]
adminFeb 28, 20132010 Earned Income Tax Credit
Forgot to file 2010 taxes? You can still file and get a refund with the Earned Income Credit The Earned Income Tax Credit (EITC) is one of the most valuable tax credits out there, but many eligible taxpayers don’t take advantage of it. Even if the tax filing deadline has already come and gone you […]
adminFeb 27, 2013New York State Child and Dependent Care Tax Credit
Claim a valuable New York State credit in addition to the federal one New Yorkers will be happy to learn that they can get a valuable credit on their state taxes for money they spent to take care of their kids and other dependents. You can claim New York’s child and dependent care tax credit […]
adminFeb 13, 2013Who Must File a 1099?
Payers must file 1099s with the IRS and their payees must report this information on their tax returns There are different types of 1099s for different kinds of payments. The most common is a 1099-MISC. It’s used to report miscellaneous income. 1099-MISCs are only used to report payments made in the course of trade or business, […]
adminFeb 7, 2013What Credits and Deductions Am I Missing on My 2011 Tax Return?
You can still get a refund from 2011 with the help of these credits and deductions With the 2013 tax season in full swing, everyone’s worried about 2012 taxes. But don’t forget about 2011 taxes, especially if you forgot about them last year! Did you know you could still get a refund from 2011? That’s […]
adminFeb 6, 2013How Do I File a Tax Extension?
If you can’t file your return by the April deadline, request an extension! That will give you an extra six months to file. Did the month of April sneak up on you? Is the time until tax day already loaded with obligations? Is that pile of receipts on your desk beginning to look more and […]
adminJan 21, 2013Can’t Find Documents to Prepare Past Income Taxes? You Can Still File
Find out how to file your taxes if you’re missing important tax documents such as W-2s or 1099s. “Something suddenly came up.” Those were the immortal words with which Marcia Brady famously broke off a date. But they could just as easily describe why lots of taxpayers fail to file a return every year – […]
adminJan 14, 2013In 2011 I Was Awarded Social Security – How Do I File Taxes?
Filing taxes as a senior? We’ve got what you need to know! Once you hit 65 and become eligible for Social Security benefits, taxes can get a lot more complicated. Suddenly you have to worry about income and benefits you never had to before. Don’t worry, it’s not as hard to figure out as it […]
adminDec 5, 2012Cities with an Income Tax
After you file your federal and state tax returns, you may still have to file a city income tax return Everyone knows they have to send Uncle Sam a federal income tax return every April, and most people also realize they have to file a state income tax return at the same time – unless […]
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