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What is a tax write off?

What is a tax write off?

Tweet     I have been getting several questions lately about tax write offs. In my inbox this morning I had a great question that made me take things back a few steps. It was “I have been hearing all about tax write offs lately and I think I am missing something. I ended up […]

Where Is My Tax Refund?

Where Is My Tax Refund?

Tweet     Have you already submitted your taxes and are now sitting back back waiting to get your tax refund check in the mail? Or if you are like me watching your bank account to see when that tax return direct deposit will happen. It can be hard to wait for money that is owed to […]

9 Crazy Tax Deductions That Actually Worked

9 Crazy Tax Deductions That Actually Worked

Tweet     There are your common tax deductions and then there are others. The ultimate goal when doing your taxes is trying to minimize  the amount of money that you give up to the government and with that in mind some people get pretty creative to say the least. Check out the article I wrote […]

The Most Overlooked Tax Deductions

The Most Overlooked Tax Deductions

Tweet There are many people currently rolling in their tax check and stocking up on furniture, big screen TV’s, and vacations. Others have waited a little bit longer and are carefully looking over their paperwork, in an attempt to make sure they are maximizing their gains for this April. Then there are the rest of […]

Rent A Cow and Save on Taxes, Tax Loophole

Rent A Cow and Save on Taxes, Tax Loophole

Tweet The Rent a Cow Loophole You read that right, there is a provision in the Florida tax code that provides a significant tax break for people who want to rent a cow. This has got to be one of the strangest tax loopholes I have heard about. You may get excited about the prospect […]

The 14 Weirdest Tax Write Offs, They Were Asking for an IRS Audit

The 14 Weirdest Tax Write Offs, They Were Asking for an IRS Audit

Tweet People are always trying to get creative with their tax deductions, but the IRS does not always go along with them. Filers have tried to deduct everything from prostitutes and pornography to pets and lavish holidays. But the IRS has been quick to put the kibosh on some of the truly outlandish deductions. While […]

How to Spend Your Tax Refund Wisely

How to Spend Your Tax Refund Wisely

Tweet Each year, millions of Americans look forward to that magical day when they find out how much they will be getting back in a tax refund. Now that the federal government and most of the states use direct deposit, people are getting their refunds faster than ever. You could take your tax refund and […]

States With No Income Tax

States With No Income Tax

Tweet In early 2007 as I was getting everything back from my CPA for my 2006 tax return, I was a little shocked. As it turned out I owed more to the government than I had ever even made in a single year prior. It was crazy to me that I was about to write […]

Start 2013 Off Right By Reviewing Your W-4 Exemptions

Start 2013 Off Right By Reviewing Your W-4 Exemptions

Tweet Life is rarely static and things are constantly changing from year to year and the start of 2013 serves as a great reminder. One item that is often overlooked is the W-4 IRS form. We are most familiar with this form when we start a new job as it is generally required to be […]

The Bad News About Tax Refund Anticipation Loans

The Bad News About Tax Refund Anticipation Loans

Tweet A Tax Refund Anticipation Loan (RAL) is a type of loan that many tax preparation companies offer, which is essentially an advance on your expected tax refund.  A RAL loan can be approved in a manner of minutes and the money accessible within a day or two. Since these loans are secured by your […]