Other posts in the Taxes Category

7 Smart Ways to Invest Your Tax Refund

May 2nd, 2019

You can maximize your tax refund in several ways — from paying off high-interest debt to investing in a business or saving for retirement. One or more of these options could be the perfect fit for you. Pay Off High-Interest DebtHas a high-interest credit card balance been a thorn in your side? Resist temptation to

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Snowbirds and Tax Migration

December 14th, 2018

Snowbirds, those who reside in a northern state during summer and travel south for the winter but maintain homes in both states, need to be aware of how tax codes apply to them as they migrate. To avoid nasty surprises by over- or underpaying taxes, snowbirds need to determine which home acts as their domicile, what

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Donating a Vehicle – Tax Deduction

July 19th, 2017

Do you have an old vehicle that’s been sitting in your driveway for years collecting dirt and rust? Maybe it’s the set of wheels you used in college or a minivan from when the kids still lived at home. You could sell it, but likely wouldn’t be worth the hassle. Instead, an easy way to

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6 Tips for Deducting Donations

December 17th, 2013

If you've donated to a charity this year, the IRS wants you to know about few things - tax-exempt status, itemizing, fair market value, timing and many more.

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Taxes–What to Stash and What to Trash

December 10th, 2013

In case the IRS ever decides to audit you, you must be ready with all the necessary documents such as W-2 forms, receipts for charitable donations, and other deductible expenses for at least six years.

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Why Your Hobby May Be Taxed

October 7th, 2013

Hobbies, such as woodworking, stamp collecting and scrapbooking, are often done for pleasure but can result in a profit. But if you're lucky enough to make money from your hobby, it may have tax implications. You must report income to the IRS from almost all sources, including hobbies.

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What to Know about Home Office Deductions

September 16th, 2013

With technology making it easier than ever for people to operate a business out of their house, many taxpayers may be able to take a home office deduction when filing their 2013 federal tax return next year.

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Five Ways to Spot a Fake IRS Email

September 9th, 2013

Be on the lookout for email scams circulating that fraudulently use the Internal Revenue Service name or logo as a lure - all to trick you into giving up personal and financial information. The scammers can then use your information (such as your Social Security number, bank account or credit card numbers) to commit identity theft and steal your money.

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Taxes — What to Stash and What to Trash

June 16th, 2013

What records and documents should you keep in case the IRS ever decides to audit you—and for how long should you keep them? Here’s some advice to consider: The standard statute of limitations is three years, but the IRS can audit up to six years after a filing if it suspects under-reporting of income by

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Double Your Refund with Turbo Tax

February 11th, 2013

You don’t have to break the bank by visiting a tax professional. Try TurboTax now to get your taxes done right – and to enter the TurboTax Double My Refund Sweepstakes. You’ll get a chance to win one of: Three Grand Prizes up to $5,000 or twice your refund amount Ten $500 First Prizes Don’t

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