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Category Archives: 1040 Personal Income Taxes
Start Getting Your 2013 Tax Return in Shape
“Procrastination is like a credit card: it’s a lot of fun until you get the bill.” ~ Christopher Parker We may have barely made it past the 2011 filing deadline, but taxpayers should already be doing a few quick checks … Continue reading →
Posted in 1040 Personal Income Taxes, Accounting, IRS, Personal Finance, Tax Preparer
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Get your 2012 tax refund now.
A big tax refund sure feels good… almost like you’ve won the lottery. But this doesn’t always make good financial senses. You could have put that money to work either investments or just a plain vanilla savings account earning interest … Continue reading →
Reminder: Happy Emancipation Day… this year’s tax filing due date is 4/17/12.
Taxpayers will have until Tuesday, April 17, to file their 2011 tax returns and pay any tax due because April 15 falls on a Sunday, and Emancipation Day, a holiday observed in the District of Columbia, falls this year on … Continue reading →
Tax penalties. When they may apply to you.
I’m frequently asked “what causes tax penalties?” or “why do I owe a tax penalty?”. Here’s an article I found in Forbes that does a great job of explaining tax penalties.
Converting your home to a rental property
I find that more and more clients are converting their personal residences to rental properties for a variety of reasons. This has a variety of different tax implications some of which, are explained in this article.
Married? Should you file jointly or separately?
I get asked this question a lot… most often, it’s best to file jointly if you’re married, but some times it does make sense to file separately.