Category: Cool Tax Stuff

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 …

Gambling With Your Taxes Read More »

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Over the summer months, some people might travel to participate in charity work.  Not only is that a wonderful, selfless contribution to society, but it could also be tax deductible!  For the purposes of this blog we will not be …

Taxes and Traveling for Charity Read More »

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Summer Jobs and Taxes A summer job is a rite of passage for most teenagers.  It gives a taste of responsibility, builds character, and most importantly- extra spending money.  The lure of making extra money in the summer is quite …

Teens And Taxes- What You Need to Know Read More »

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  An unexpected call from the IRS trying to collect back taxes is never fun, and recently, it became more likely.  In December 2015, the IRS started to use four private collection agencies (CBE, ConServe, Performant, and Pioneer) to collect …

Owe Back Taxes? PCAs, Tax Scams, And You Read More »

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The 2015 Mileage Deduction Rates have been announced by the Internal Revenue Service today.  Taxpayers use the mileage deduction rates to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2014, the …

Mileage Deduction Rates for 2015 Released Read More »

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We are gearing up for the 2014 income tax year starting Jan 2015. Our online appointment scheduler is now up and running! Make your appointment now! APPOINTMENT INFORMATION You can make your appointment up to 6 months in advance! We …

Now Taking Appointments for 2014 Taxes!! Read More »

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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 …

7 big tax changes in 2015 Read More »

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Millions of people enjoy hobbies that are also a source of income. Some examples include stamp and coin collecting, craft making, and horsemanship. You must report on your tax return the income you earn from a hobby. The rules for …

Basic Tax Tips about Hobbies Read More »

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Many parents pay for childcare or day camps in the summer while they work. If this applies to you, your costs may qualify for a federal tax credit that can lower your taxes. Here are 10 facts that you should …

Get Credit for Child and Dependent Care This Summer Read More »

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Most types of income are taxable, but some are not. Income can include money, property or services that you receive. Here are some examples of income that are usually not taxable: Child support payments; Gifts, bequests and inheritances; Welfare benefits; …

Taxable and Nontaxable Income Read More »

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