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Posts in category Form 1040 Information

Residential Energy Tax Credits 2012

Residential Energy Tax Credits 2012
Tweet The Residential Energy Efficient Property Credit is available to individual taxpayers to help pay for qualified residential alternative energy equipment, such as solar hot water heaters, solar electricity equipment and residential wind turbines. Qualifying equipment must have been installed on or in connection with your home located in [...]

Deducting Charitable Contributions

Deducting Charitable Contributions
Tweet Donations made to qualified organizations may help reduce the amount of tax you pay. Here are a few things to help ensure your contributions pay off on your tax return. If your goal is a legitimate tax deduction, then your charitable contributions, whether a cash donation or non-cash gifts such as goods and services, must be given to a [...]

Maximize your Travel & Entertain...

Maximize your Travel & Entertainment Benefits.
Tweet Tax law allows you to deduct two types of travel expenses related to your business, local and what the IRS calls “away from home”. You may be able to deduct the ordinary and necessary business-related expenses you have for Travel, Entertainment, Gifts, or Transportation. An ordinary expense is one that is common and accepted [...]

What you’ll Need

What you’ll Need
Tweet             Well here we are, January and it is time to start getting your tax information ready. But what do you need? Twelve months have passed. With the economy the way it is many have already been thinking about their taxes, some haven’t.               Getting things ready to take in to your tax preparer is sometimes a gruelin [...]

All About Energy Audits

All About Energy Audits
Tweet If you are tired of watching your home energy bills steadily rising, then it may be time for a home energy audit. An audit will pinpoint areas of wasted electricity, potential savings and improvements you can make to lower your energy bills. Before you start charging the children every time they turn on a light, invest in a home audit t [...]

When Are Self-Employed Medical Plan C...

When Are Self-Employed Medical Plan Costs Tax Deductible?
Tweet To take on the many benefits associated with self-employment tax deductions, there are many things that you can do. The first step in this process is to actually make sure that you are qualified for the self-employed health insurance deduction. You can acquire this deduction if you have filed for Schedule C or F on your federal tax retu [...]

Should You File a Tax Return?

Should You File a Tax Return?
Tweet Do you ever wonder whether your income is high enough to warrant the filing of a tax return? Because the minimum income level varies depending on filing status, age, and the type of income you receive, it can be a bit complicated. Use the following guide to determine whether you must file a federal income tax return for 2010. Single [...]

The Home Office Deduction

The Home Office Deduction
Tweet The tax break has been expanded, but make sure you know the rules. The Taxpayer Relief Act of 1997 included a modification of the IRS’s definition of “principal place of business” that will permit a larger number of taxpayers to qualify for the home-office deduction. For tax years beginning after 1998, the deduction [...]

A Week in Perspective

A Week in Perspective
Tweet It would seem that while I was out of town last week I had a lot of extra time to look around. Surf the net if you will. This weeks perspective is the largest I have ever posted. I hope you all have the time to enjoy each site as the information is as always well worth the read. Finding Work You Enjoy – Recently asked if folks wou [...]

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Tax Preparation, Payroll, and Accounting, Including online services.

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