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The deadline to file your federal income taxes is rapidly approaching, and for those who itemize deductions, own and operate a small business, or are a sole proprietorship, the gathering of tax records and receipts is crucial component. Regardless of whether filing using a paper return or filing online, this gathering of documents and receipts […]

With tax time upon us and tax preparation services deadlines looming, it is only natural for the tax sharks (not the IRS) to come out and look for prey. In their latest commercial, leading tax firm H&R Block intends to do just that, but are they telling you the whole story? We’ll analyze more about […]

As the nation’s largest and smallest consumer tax preparation firms offer assisted and full service tax returns, H&R Block has come out with an interesting insight into the questions taxpayers come up with during their tax-filing process which revealed something interesting. They basically asked their customers which tax issue was the most confusing to them […]

Filing tax returns is usually never fun, even if you are due a refund. Which is why so many put off filing our tax return until as late as the tax regulations allow. While this strategy does ensure you don’t have to rush into any tax preparation hassles, there are many tax return firms in […]

Paying off your student loans is never easy no matter how long you have carried it. Whether you are following a standard repayment plan or you’ve signed on for a repayment program based on income, student debt can come with some steep consequences and is best avoided. While tax return time isn’t ideal either, you […]

If you receive or are planning on receiving Social Security benefits as part of your retirement, you may be surprised to see that you will pay taxes on them. It’s not a surprise to those of us who do tax preparation and tax returns as our occupation. Washington is infamous for double, and even at […]

We previously discussed 10 Useless Ways They Spend Your Taxes and found some interesting items in our research. In that example, we listed the most expensive forms of tax and government waste. This time we will focus on the ridiculous. WARNING: Do not read if you are angry about writing a check to the fed […]

For those of you writing a check to the Department of Treasury as part of your 2015 tax preparation , you may be smacking yourself wondering where all your hard earned money is going. Because unearned money is never spent well, we have a feeling those of you who are easily irked should not read […]

During this time of year, we ditch the bookkeeping tips to tell you all about tax preparation. One of the biggest items associated with taxes is that the rich pay less because they utilize a bunch of loopholes that the little guy cannot. But as Steven Piascik of PIASCIK accounting says, “”Tax minimization means documenting […]