Tag: deduct

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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Now Taking Appointments! Our online appointment scheduler is now up and running! Make your appointment now! Click Here APPOINTMENT INFORMATION You can make your appointment up to 6 months in advance! We recommend you make your appointment now especially if …

NOW TAKING APPOINTMENTS for tax year 2015! Read More »

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Inflated Refund Claims Remain on the IRS “Dirty Dozen” List of Tax Scams for the 2015 Filing Season WASHINGTON — The Internal Revenue Service today warned taxpayers to be on the lookout for unscrupulous tax return preparers pushing inflated tax …

Scam Artists Lure Victims Promising Outlandish Refunds! Read More »

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Nearly everyone is affected by the Affordable Care Act and will need to do something new when filing their taxes this year.  The following chart will help you better understand how the health care law affects you and everyone on your …

The Health Care Law’s Effect on Your Taxes 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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Tax Season Warning: $25K Donation Deduction Denied David and Veronda Durden contributed $25,171 to their church a few years ago, taking the itemized tax deduction. The IRS challenged their deduction on a technicality, and the Tax Court sided with the …

Tax Season Warning: $25K Donation Deduction Denied Read More »

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You finished your tax returns and discovered you’ll be receiving a nice refund. You’re not alone. The IRS reports that the average American received a refund of nearly $3,000 in 2011. But before you start dreaming of a tropical vacation …

7 Smart Uses for Your Tax Refund Read More »

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Your children may help you qualify for valuable tax benefits, such as certain credits and deductions. If you are a parent, here are eight benefits you shouldn’t miss when filing taxes this year. 1. Dependents. In most cases, you can claim a …

Eight Tax Benefits for Parents Read More »

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