Can’t Pay Your Taxes? Here’s What You Can Do
(CBS MoneyWatch) - In a turbulent economy with constantly changing rules it’s no surprise that the bill from Uncle Sam can sneak up on some of us. Whether you changed jobs, sold a house or became...
View Article7 Deductions That Lower Your Taxable Income
(CBS MoneyWatch) – Most folks looking for tax deductions focus on things like mortgage interest, real estate taxes and charitable donations. These are known as itemized deductions that are claimed on...
View ArticleWhat Procrastinators Need To Know About Filing Their Taxes
(CBS MoneyWatch) - Life can get complicated this time of the year — between work and friends, spring break and spring cleaning and everything else, time goes by quickly. And for some of us, that means...
View ArticleGet Your Taxes In Order Now For Next Year
(CBS Boston) Get a jump-start on next year’s taxes by setting up a filing system now. You can use a folder system where you label the each folders according to your needs. A good filing system will...
View ArticleWhat Tax Related Papers Can You Toss Out?
BOSTON (CBS) – Most of us fall into one of three categories; we keep too much of the paper that comes into our homes or there those that try to throw out everything. And of course those that fall in...
View ArticleInvest That Tax Refund In Yourself
BOSTON (CBS) - What is your largest asset? It’s your ability to earn a living! Let’s say you earn an average of $50,000 a year over your working career and you start at age 20 and work until you are...
View ArticleTax Audit Red Flags To Be Aware Of
BOSTON (CBS) - Most tax returns are handled by computers and there are formulas and averages for most of the categories. Most audits are simple paper audits where they send you a letter asking for...
View ArticleTax Education Credits And Deductions
BOSTON (CBS) – College is very expensive. Congress and the IRS have given us ways to offset education costs. 1. The American Opportunity Credit: This credit can help parents and students pay part of...
View ArticleAdvice For Successfully Getting A Small Business Loan
Even during challenging times, a small business with a sound strategy can obtain a loan. If you’re looking to start or expand your business, here are strategies that may help you acquire the financing...
View ArticleBuyer’s Guide: What To Look For In A New Digital Camera
The sheer amount of digital cameras available on the market can be overwhelming. From the camera’s zoom capabilities to video options, there are so many different bells and whistles from which to...
View ArticleShould You Itemize Your Taxes This Year?
BOSTON (CBS) - Should you take the time to fill out the long 1040? It really depends. To find out whether you should itemize you will need to do some homework. About a third of taxpayers use the long...
View ArticleWhat’s On Your Tax Return?
BOSTON (CBS) – Review your tax situation now so you have some idea what tax bracket you will fall into this year and decide whether you want to do the long 1040 or the short 1040EZ. Do your taxes both...
View ArticleA Simplified Tax Option For Home Offices
(CBS MoneyWatch) This tax season holds good news for millions of self-employed people who work from home: Home office deductions, which used to require a litany of calculations and the completion of a...
View ArticleDisappearing Deductions Cost Taxpayers
(CBS MoneyWatch) Changes to tax laws last year reinstated some income-based phase outs of some widely used personal exemptions and itemized deductions, leaving many taxpayers with higher tax bills....
View ArticleThe “Dirty Dozen” Tax Scams Of 2014
(CBS MoneyWatch) The IRS has a warning for Americans — watch out for tax scams. Every year the agency releases a “Dirty Dozen” list of the worst tax scams out there. This year, identity theft and...
View ArticleTax Advice: Common Small Business Tax Filing Mistakes
It’s easy to make a mistake, but saying your sorry is rarely enough to satisfy the IRS. Small businesses can innocently make tax mistakes that wind up racking up steep penalties, able to bruise or even...
View ArticleFive Tips for Getting the Most From Your 401(k) Plan
Whether you’re 25 or 55, you know you’ll want to retire one day – and to retire in comfort you must save. And there’s simply no better way to save than the 401(k) plan at work. It’s automatic and...
View ArticleNewlywed? Whether To File Separately Or Jointly
You probably weren’t thinking about your tax burden when you said “I do,” but marriage does impact upon a couple’s income tax requirements, sometimes positively and sometimes not. Newlyweds are often...
View ArticleShould You E-File Or See A Tax Specialist For Your Returns?
Does the thought of tax time send shivers down your spine? Like it or not, your taxes have to be filed. The question that remains is, how will you get them done? Unless you’re the pen-and-paper type,...
View ArticleBest E-Filing Programs For Tax Returns
Doing your taxes often feels like a daunting task, but it doesn’t have to be. E-filing not only streamlines the process, but it also means getting your refund faster. While e-filing may be easiest for...
View Article