Category Archives: General Filing
Big changes may await the Affordable Care Act in 2017, however all requirements and provisions in relation to taxes remain relevant for 2016 returns. As tax season begins, the Form 1095-A, Health Insurance Marketplace Statement will play an important role when you file your tax return. You should also be aware that this tax year […]
— Read moreAs technology adapts to allow more employees to telecommute, the traditional office is becoming more of a makeshift desk on the kitchen table than a cubicle across town. However, if your employer is in a state other than the one in which you live, you’ll have a little bit of a different tax situation than […]
— Read moreTax season can be complicated: From the math, to the organization of documents, to the filing of the forms. The IRS has over 900 different tax forms available to taxpayers when filing their returns. Generally, the average taxpayer doesn’t have to worry about a majority of the forms. Ten of them are relatively common, and […]
— Read moreThis tax season, you may receive a Form 1099 in the mail, specifically if you performed work outside your typical employer. You’ll need this document to file your tax return, so it’s important you store it in a safe place until you have everything you need to complete your return. What is a 1099? This […]
— Read moreThe wedding bells have rung, the rings exchanged, and now its tax season. So what exactly does that mean for you, a recently married taxpayer? First, you need to know how to file your return. You can use either married filing separately or married filing jointly, the latter which generally provides the lowest tax rate. […]
— Read moreAny amount of savings at tax time is beneficial for the self-employed, and new tax breaks make it even easier to accrue said savings. Legislation was enacted to allow workers to deduct costs related to paying their own health insurance before payroll taxes are calculated. As a self-employed taxpayer, this legislation can reap great benefits […]
— Read moreWhen you file your tax return, you should be aware that receiving a large refund (think $2,000 or more) can mean you have some work to do. You should review your withholding options on your W-4, which you fill out with your employer. Basically, each paycheck the government withdraws the amount of taxes they estimate […]
— Read moreIt’s April 15th and you just realized you forgot to file your tax return. Now what? Well. For starters, you should file your return as soon as possible. The less late it is, the better, as you’ll incur less penalties and interest if you owe taxes. It really depends on how much you owe, as […]
— Read moreNow that you’ve got yourself a pretty sizeable refund from the IRS, you should consider what that actually means and how you should use your newfound cash. Basically, what just happened is you lent the federal government money for a year, without interest, and the money you are getting is really just your own. You’ve […]
— Read moreIf life gets in the way, and you find yourself filing your tax return at the last minute, you should be extra sure you have everything correct and complete the process as timely as possible. Follow these steps if you find yourself filing on April 15th. File an Extension You can apply for an extension […]
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