Tag: Records

Gambling With Your Taxes

Gambling, Wins and Losses What happens in Vegas, stays in Vegas.  Unfortunately, the IRS tends to disagree with that sentiment, especially when it comes to your taxes.  Whether you are a consistent gambler or your winnings (or losses) are the

Tagged with: , , , , , , , , , , , , , , , ,

Record Keeping and Tax Preparedness

keep a good record of tax documents

This is a question we get all the time–what should you keep on record, and how long should you keep them? As tax filing season winds up, the IRS (as well as Gagliano Associates) offers some words of advice about

Tagged with: , , , , , , , ,

Keeping Records: What can Stay and Go

keeping records for the IRS

Most taxpayers don’t have a problem keeping records for the immediate tax year. However, after the tax season is over, most of us forget about keeping records for past tax years. This results in one of two problems: if you’re

Tagged with: , , , , , , ,

Charity and Donations: Why Good Records are Key to Claiming Gifts

Charity and donations are a good tax write off. When making gifts to charity, keeping good records is key to qualifying for the full charitable contribution deduction allowed by law. Donors must get a receipt from the charity for all donations

Tagged with: , , , , , , , ,

It’s tax season. Do you know where your mail is?

During the holiday season a missed or stolen package can be aggravating, which is doubtless why you eagerly watched for deliveries all December, calling the nanosecond you suspected a problem. Unfortunately, many employers don’t send tracking numbers when the packet

Tagged with: , , , , , , , , , , , , , , , , , , , ,

7 big tax changes in 2015

As 2014 draws to a close, it’s nearly time for the annual deluge of tax forms – including 1098’s reporting mortgage interest or W-2’s from employers reporting your annual wages. But while gathering documents for the past year’s taxes is

Tagged with: , , , , , , , , , , ,

Keeping good records could = more refunds for you!!

Martha Gagliano started their tax preparation business in 1987 and recently retired. I asked her to write a blog for you. Do you like to get a refund?? The best way is to keep good records. Businesses: save and catalog all

Tagged with: , , , , , , , , , , , , , ,