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Category Archives: Personal Finance
Tax Q&A from the USA Today
With about weeks to go to file your 2012 tax return, you probably have questions. Whether you prepare your own tax return or pay someone to do it for you, we are here to help. Every day until April 15, … Continue reading →
Posted in 1040 Personal Income Taxes, IRS, Personal Finance
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Kiplinger’s most overlooked tax deductions
As tax filing season 2012 reaches its final month, it’s good to look for the most overlooked tax deductions. Kiplinger’s list can be found here.
Posted in 1040 Personal Income Taxes, Personal Finance
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Tax Tips? There’s an App for that
From the USA Today. Tax time is a chore for many Americans, particularly those who try to save a few bucks and file the paperwork on their own without any help. But thankfully there are a host of affordable products … Continue reading →
Posted in 1040 Personal Income Taxes, 1065 Partnership Income Taxes, 1120 C Corporation Income Taxes, 1120 S Corporation Taxes, IRS, Michigan Taxes, Personal Finance
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Calculating your stock’s cost basis
From the USA Today. It’s never easy for investors to make money in the stock market. And when they do, the last thing most people think about is how to report those gains to the IRS. Unfortunately, the tax man … Continue reading →
Posted in 1040 Personal Income Taxes, Personal Finance
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What to do if you owe but can’t pay (CBS.com)
From CBS.com (MoneyWatch) So you’ve prepared your tax return and found that you owe. What should you do if you can’t pay? One thing you should do no matter what is to file your tax return on time. But if … Continue reading →
Posted in 1040 Personal Income Taxes, IRS, Personal Finance
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IRA Early Withdrawal Penalty Exceptions
This is a question I get asked a lot… so I figured a blog post would be a good idea. See this article for a list of the penalty exceptions for early withdrawals from IRA/retirement accounts.
Posted in 1040 Personal Income Taxes, Personal Finance
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Most Common Bookkeeping Mistakes
1. USING THE WRONG ACCOUNTING METHOD There are two main business accounting methods: cash and accrual. Cash accounting is the simpler method because it’s based on the actual flow of cash in and out of a business. The cash method … Continue reading →
Posted in Personal Finance, QuickBooks, Small Business
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5 Overlooked Tax Deductions from the USA Today
There’s a lot of talk right now regarding Americans paying their “fair share” to the tax man. While many issues are up for debate, most parties agree the tax code needs some work. But as you gather documentation to do … Continue reading →
Posted in 1040 Personal Income Taxes, IRS, Personal Finance
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What to expect for refunds in 2013 (from IRS.gov)
Click here for the full posting on the IRS website.
Posted in 1040 Personal Income Taxes, IRS, Personal Finance
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Another Fiscal Cliff Calculator from the Tax Policy Center
The calculator is a tool to help you understand how current tax policy affects real families and what would happen if we changed that policy. With this version, you can compare four alternative tax policies to see how different taxpayers … Continue reading →
Posted in 1040 Personal Income Taxes, Personal Finance
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