Is Your Child STILL Your Dependent? In many cases people just assume their children are dependents. Sometimes they’re not. This dependency status also determines whether or not you can claim other deductions and tax credits, so it’s important to evaluate this correctly. There can be a lot of tax dollars at stake. The child you Read more about Child Tax Dependent Demystified[…]
The home office tax deduction can be tricky question and there is no short explanation. When you have your own business, there are many deductions that are cut and dry. This one is not. And there’s an IRS take back on this one if you use the original method. Most taxpayers are unaware of this, Read more about Self-Employed Home Office Tax Deduction[…]
Uncle Sam Doesn’t Scare Me… Taxes Don’t Have To Scare You Either I have been a licensed tax professional for 33 years, an Enrolled Agent – Enrolled to Practice before the Internal Revenue Service. That description can be misleading. I have NEVER worked for the IRS and I do not represent that agency. The license Read more about Conquer Your Taxes[…]
College savings and planning can be overwhelming at best. Below are the key facts you should know in order to maximize the funding you make available for your child’s education. Whether your child is a newborn or in high school, it’s never too late to get a jump on this. After all, the most important Read more about 5 Steps to College Savings and Planning[…]