Key Documents to Bring to Your Tax Appointment
Tax season is coming up fast—and if you plan on working with a Certified Public Accountant, you’ll want to start preparing now. Below are just a few of the things you’ll need to bring to your appointment. Personal information When you meet with your tax professional, you’ll need to have a Photo ID, social security […]
When should I start planning for my 2021 taxes?
The 2021 tax filing season might still be months away, but that’s not to say you shouldn’t start prepping now. From saving receipts, maximizing your retirement account contributions, and if you’re self-employed or working as an independent contractor—remembering to pay your quarterly taxes- there are lots of things you should be doing much sooner than […]
Can I amend my own tax return?
If you’ve learned that one or more of your prior tax returns contains errors, you’ll likely need to file an amended tax return. An amended tax return is something you’ll file with the IRS, and once filed, the amended return will fix prior errors. If you (or your accountant) make another mistake on your amended […]
What is Biden’s tax plan?
In 2017, then-president Donald Trump signed the 2017 Tax Cuts and Jobs Act. In addition to lowering income tax rates for single filers, heads of household, and married couples (filing jointly or separately), it raised the standard deduction to $12,000 for single filers, to $18,000 for heads of household, and to $24,000 for married couples […]
What Happens if You Miss a Tax Filing Deadline?
Life can be hectic—and if you’ve found yourself in a place where you’re going to meet the federal tax filing deadline you may be wondering how you’ll be impacted. For this blog post we wanted to discuss some of the things that could happen if you file late. First things first: File for an extension […]
Everything You’ll Need for a Successful Tax Appointment
If you’re among the millions of Americans who still haven’t filed their taxes, you should start by making sure you have your documents in order. Not only will this ensure your tax appointment goes smoothly, it will ensure you get the deductions that you’re entitled to. For this blog post we wanted to highlight the […]
The Downfalls of Filing Your Own Taxes
Tax season is officially here—and if you’ve put off filing your taxes until the last minute, you may be wondering if you should file them yourself. However, we should warn you that while preparing your own taxes can save you some money on the front end, it could cost you far more on the back […]
What You Need to Know About This Year’s Tax Return
If you’re like most people, you’d like to put 2020 solidly behind you. Unfortunately, there’s still one lingering task that you’ll need to cross off last year’s list: you need to file your 2020 taxes. Below are just a few of the things you’ll want to keep in mind. Tax deadlines The deadline to file […]
How to Prepare for a Virtual Tax Appointment
It’s been a little more than a year since the start of the COVID-19 pandemic, and despite the numerous strides in fighting the virus, many businesses are still operating under social distancing protocols. The field of tax preparation is among them. Although virtual tax appointments have existed for many years, that’s not to say that […]
Tips for Filing a Seamless Tax Return
The US tax deadline has been extended to July 15th, and if you haven’t filed your taxes yet, you’ll want to do so sooner than later. If you’re among those who hasn’t yet set up an appointment for tax return services, below are just a few ways you can get yourself organized.