Tips for Amending Your Taxes

Tips for Amending Your Taxes

Tax season is over! How was your tax-filing experience this year? I’m pretty much over the whole tax thing, but maybe it’s worth another look. Double checking your taxes is a wise choice, especially if you catch a mistake and need to file an amended tax return.

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Property Taxes: Frequently Asked Questions

Property Taxes: Frequently Asked Questions

When refinancing or purchasing a new home, one of the items that a title company researches are the property taxes. Although every homeowner pays property taxes across the county, determining your specific property taxes has many variables. These variables coincide with different aspects of your home’s location and your home’s assessed value. Depending on the taxing authority, your taxes could be determined by the city, county, school district or by all three. When you pay property tax each year, you’re paying for necessities that are provided by the city, such as police and fire department services, garbage pickup and snow removal.

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This Year, Get Tools to Manage Your Tax Expenses

This Year, Get Tools to Manage Your Tax Expenses

Tax time is looming and if you own a small business or are a single proprietor, you’re probably scrambling to get all your records straight. Are your W2s out and were they postmarked by January 31? What about 1099s to consultants to whom you paid more than $600 in 2013? They need to get a Copy C by January 31. Remember, the IRS needs to get a Copy A by February, along with the cover page, known as Form 1096. Don’t forget that consultants include LLCs, DBAs, and partnerships. Avoid this mess for 2014 by using online tools and services that make tax time much less stressful.

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Have a Mortgage? Consider the Tax Benefits

Have a Mortgage? Consider the Tax Benefits

When major life events change the facts of your life, they can also change your tax situation. With tax season under way, it makes sense to consider how certain events will impact your situation. The Motley Fool has a list of life events that can impact your taxes. One of those things is buying a home with a mortgage.

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Three Signs You Need to Hire an Accountant for Your Taxes

Three Signs You Need to Hire an Accountant for Your Taxes

As tempting as it is to save money by doing your taxes on your own (or with a little help from software), there are times when it makes more sense to just pay an accountant. I used to do my taxes completely on my own, and then I added tax prep software when things started getting serious. After a few years I realized that I needed a little more help. Here are the 3 signs that led me to hire an accountant for my taxes.

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Tax Time Checklist

Tax Time Checklist

A new year is underway, and the IRS is officially accepting tax returns starting January 21, 2014. It’s time for you to get organized and figure out what you need to do in order to create a smoother situation this year. Here is a tax time checklist that can help you avoid the stress and rushing around that often comes with tax season.

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