by Manny Davis | Finance, Taxes
As the end of the year grows closer, it’s time to consider whether or not you can make any year-end tax moves that will reduce your tax liability or increase your refund. Income taxes are due on April 17th, 2012 this year, but before 2011 ends, it’s a good...
by Manny Davis | Finance, Taxes
Taxpayers have the option of taking the standard deduction on their federal income tax return, or itemizing deductions. The decision to itemize or not depends on which filing method will result in the lowest tax liability for the taxpayer. Itemized deductions allow...
by Manny Davis | Finance, Taxes
Are you aware of the many different fees and penalties that the IRS can impose on you for filing taxes inaccurately or not filing your tax return at all? While there are numerous fines available to the IRS, there are a few common penalties that you should be...
by Manny Davis | Finance, Taxes
Did you owe the IRS money when you filed your 2010 tax return? Or, did you not get as much of a refund as you had hoped for? If you are looking to make changes so that when you file your tax return next year you will either owe the IRS less or get a bigger refund,...
by Manny Davis | Finance, Taxes
So the tax deadline has come and gone and you never filed your taxes. You may be thinking, what should I do now? Do I file my return? Do I just skip it this year? What will happen to me if I just don’t file? Can I still ask for an extension? One thing you don’t want...
by Manny Davis | Entrepreneurship, Finance, Home Business, Taxes
For most people, working from a home office means you qualify for a number of income tax deductions which helps offset the amount you owe in self employment taxes. The key to work from home tax deduction is to keep track of your expenses throughout the year, and to...
