Blog Archives

Haven't Filed Your 2010 Tax Return Yet? File an Extension!

It’s that time of year again….time to file your income tax return. What if you can’t get it done or don’t have all of your material to prepare it? File for an extension. To file an extension, complete Form 4868,


Tagged with: , , , , , , , , , , , , ,

Can I Take a Home Office Deduction?

The home office deduction is a confusing topic for many taxpayers.  Can I only take it if I am self-employed? What if you’re not self-employed, but work at home frequently?  And isn’t it true that the IRS is more likely


Tagged with: , , , , , , , , , , , ,

Seven Things Every Taxpayer Should Know

1.  Know Your Tax Bracket This is where every taxpayer needs to start.  What is your tax bracket?  If you don’t know this number, just pull out your tax return from last year.  Look at the taxable income and look


Tagged with: , , , , , , , , , , , , , , , , , , , , , ,

How the New Tax Law May Impact You

On December 17, 2010, President Obama signed the tax bill into law after months of negotiations, and to our benefit, this law will be in effect for the next two years.  Enactment of this tax law confirms that individuals at


Tagged with: , , , , , , , , , , , , , , , , , , , , , ,

3 Reasons a Married Couple Should Consider Filing Separate Income Tax Returns

Most married couples file their income tax returns jointly.  However, married couples have an option—they can file married filing jointly or married filing separately.  Married couples can change their filing status from year to year.  The only requirement is that


Tagged with: , , , , , , , , , , , , , , ,