Tax laws can be hard for many people to understand and follow, especially because changes to the tax code are quite common. There are many myths regarding tax law, and in this article we will debunk a few of these tax myths. Filing taxes is voluntary. This is not true at all. The 1040 instruction […]
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5 Commonly Missed Tax Deductions
Come tax time every year people want to make sure they get as much money back from the IRS as possible. There are many tax deductions available, and tax laws constantly change, so many Americans miss out on tax deductions that can save them money every year. Below are some of the most common missed […]
Common Tax Preparation Mistakes
Mistakes on your tax returns could mean a lower tax refund, an audit by the IRS, and even tax penalties. Here are a few common tax mistakes.
2013 Tax Preparation Checklist
1. Important Tax Documents W2 and 1099-MISC Unemployment 1099-G Pension 1099-R Social Security 1099-SSA State and Local Income Tax Refunds 1099-G Gambling and Lottery Winnings W2-G Investment Income and Stock Transactions 1099-INT, 1099-DIV, 1099-B Business and Partnership Income K-1 Mortgage Interest 1098-Mortgage Interest Student Loan Interest 1098-E College Tuition 1098-T HSA / MSA Distributions 1099-SA […]