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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 […]

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 […]

August Back-to-School Sales Tax Holidays

August Back-to-School Sales Tax Holidays

Tweet  Take Advantage of Tax-Free Savings This August It’s that time of year again. School will be back in session before you know it and there will be plenty of added expenses as you hurry to buy supplies, electronics, and clothing for your children. Rather than panic, you can find relief in Tax-Free Weekends. Seven […]

Considerations Before Doing a Roth IRA Conversion if You Are Using Account Assets to Pay the Taxes

Considerations Before Doing a Roth IRA Conversion if You Are Using Account Assets to Pay the Taxes

Tweet Everyone loves the Roth IRA. If you read any personal finance blog, website, or listen to any financial guru they will rave about how the Roth IRA is the best thing since sliced bread. What makes this investment vehicle even better is that back in 2010 anyone could convert their Traditional IRA (therefore pre-taxed) […]

Tax Relief for Unemployed Taxpayers Who Can’t Pay

Tax Relief for Unemployed Taxpayers Who Can’t Pay

Tweet As if being unemployed isn’t difficult enough, unemployment benefits are taxable, which can just add to the financial burden. ­It may seem like the unemployed can’t catch a break, but the IRS may have a heart (even a small one) after all. In early March of 2012, the IRS made an announcement stating they […]

24 Ways to Save on Your Tax Preparation Fees

24 Ways to Save on Your Tax Preparation Fees

Tweet In today’s economy, everyone is looking to save money on their groceries, car insurance, monthly rent expenses, and more. Luckily, this can work for tax time too. Below, we’ve outlined some of the top ways you can save money as April 15 nears, including: 9 ways to get prepared for your tax appointment 10 […]