The following is a compilation of a number of tax breaks available to self-employed individuals and/or small business owners. Some can be implemented before year’s end, providing benefits for your 2011 return, while others will provide planning opportunities for 2012. Little or No Profit This Year — The farm and nonfarm optional methods for computing [...]
Many parents who work or are looking for work must arrange for care of their children during school vacations. Arranging what type of care is what can make it more difficult; for example, will you hire a nanny or look into websites like Go Au Pair for your child care needs? If you are one [...]
Just a reminder that the due date for 2013 tax returns is April 15, 2014! There is no penalty for filing late if you are receiving a refund. However, it is quite a different story if you have a balance due. There are two types of penalties. Late filings and late payments are quite severe. [...]
Without Congressional action before the end of the year, just about everyone, rich and poor alike, will be hit by tax increases. These increases are the result of temporary tax benefits that will expire at the end of 2012. Just about everyone will be affected in one way or another. The following is a list [...]
If you are unfortunate enough to be out of work, you may be spending time attending career fairs, using websites like https://www.arcresumes.com/local/texas/ and possibly others, to professionalize your resume more, and traveling around looking and interviewing for employment. You may find that interviews are just not your strong suit and that advice is needed from [...]
This time of year is popular for weddings. Wedding dress shops such as Winnie Couture Bridal and wedding venues are often rushed off their feet preparing brides and grooms alike for their big days. From the decor of the wedding venue, to their dresses and honeymoon plans (such as their choice of lingerie, pheromones oils [...]
If you - like many others during the spring and summer months - have gotten married or plan to get married in the near future, here are some post-marriage tips to help you avoid stress at tax time. Notify the Social Security Administration - Report any name change to the Social Security Administration so that your [...]
Food and lodging expenses are generally deductible when away from home for business purposes. This may be particularly beneficial for self-employed individuals who travel extensively to places like this Southern California Resort. However, like everything involving taxes, there are rules to follow. The IRS requires that lodging expenses (and other expenses of $75 or more) [...]
Individuals who pay alimony, which you can learn more about it at alimony detailed, can deduct the amount paid from income on their tax return to reduce the amount of their personal income tax. This is one of the first things that many alimony payers do once they've used a MA Alimony Calculator to see [...]
Years ago, Congress created the earned income tax credit (EITC) as a refundable tax credit for people who work but have lower incomes. This credit has been a nemesis for the IRS to administer ever since because, on the one hand, it is the frequent target of fraud and excess credit claims and, on the [...]
