Just Married This Summer you might want to Think About Taxes.
Jul16

Just Married This Summer you might want to Think About Taxes.

Spring showers bring summer flowers and weddings typically aren’t far behind. Newlyweds have a lot to think about and taxes might not be on the list. However, there is good reason for a new couple to consider how the nuptials may affect their tax situation. The IRS has some tips to help in the planning:   Report changes in:   Name. When a name changes through marriage, it is important to report that change to the Social...

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Making More out of Miscellaneous Tax Deductions.
Jul16

Making More out of Miscellaneous Tax Deductions.

Miscellaneous deductions are tax breaks that generally don’t fit into a particular tax category.  They can help reduce taxable income and the amount of taxes owed.  For example, some employees can deduct certain work expenses like uniforms as miscellaneous deductions.  To do that, they must itemize their deductions instead of taking the standard deduction on their tax return.   Here are several tips from the IRS about...

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How to Handle an IRS Notice or Letter.
Jul14

How to Handle an IRS Notice or Letter.

The IRS mails millions of letters every year to taxpayers for a variety of reasons. Keep the following suggestions in mind on how to best handle a letter or notice from the IRS:   Do not panic. Simply responding will take care of most IRS letters and notices.   Do not ignore the letter. Most IRS notices are about federal tax returns or tax accounts. Each notice deals with a specific issue and includes specific instructions...

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More Tax Quotes for Fun.
Jul12

More Tax Quotes for Fun.

When it comes to taxes, everyone has an opinion. These quotes reflect the opinions of their authors; their inclusion here is not an official IRS endorsement of the sentiments expressed.   “Taxes are what we pay for civilized society.” — Oliver Wendell Holmes, Jr., U.S. Supreme Court Justice   “The power of taxing people and their property is essential to the very existence of government.” — James Madison, U.S. President...

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How do you Choose a Tax Preparer?
Jul10

How do you Choose a Tax Preparer?

Before paying someone to do your taxes make sure they are qualified. Ask about their fees, experience, and training. Check with Better Business Bureau. Avoid any Tax Preparer who promises a higher refund. Always review your tax return before you sign it… and make sure your Tax Preparer signs it too.   Account On Us offers many services for individuals such as income tax preparation, estate tax preparation, gift tax preparation, IRS...

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More Summer Tips for Temporary Jobs, Marriage, Deductions and Credits
Jul08

More Summer Tips for Temporary Jobs, Marriage, Deductions and Credits

Before starting a summer job, taking a vacation or sending the kids off to camp, the Internal Revenue Service wants taxpayers to know that some summertime activities may qualify for tax credits or deductions. The IRS also recommends that taxpayers check the amount of their withholding taxes now to help avoid surprises next filing season.   Here are some tips from the IRS that may help taxpayer’s lower taxes and avoid issues with...

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