Tag: deductions

Eight Tax Benefits for Parents

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

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Can I write off my moving expenses? Good Question!

If you moved to start a new job, or to seek work in a new city, you may be able to deduct the cost of your moving expenses from your income. Qualifying expenses include costs for packing and shipping your

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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

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Is going paperless a good idea?

We  live in a digital age and less paper is a good idea and saves trees, right?? This is true, however I recommend to our clients that deduct expenses not go paperless. You need those papers to substantiate your deductions. And the IRS

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Gambling Winner!! What now??

Question: For those of us who really like going up to Blackhawk and trying our luck, can you tell me what I need to know in terms of what the IRS will need to know if I win big? First,

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