Happy New Year. How to choose a tax preparer
- January 3rd, 2018
- David Greene
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I hope all of my readers had a very relaxing and joyous Christmas holiday and I hope you are looking forward to a New Year filled with hope and promise. As you know it looks like we will have a…
What steps can you take to avoid an audit?
- April 4th, 2017
- David Greene
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There is nothing you can do to guarantee that you will never be audited. However, by following three simple rules, you can minimize your chances of being audited and, if you are audited, minimize your chances of having to pay…
What are the most common mistakes made on a tax return?
- March 7th, 2017
- David Greene
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Here are the most common mistakes the IRS sees from self-prepared returns: (1) Math errors – be sure to check your math twice; (2) Misspelled name or changed name not updated (be sure the name on the return matches the…
What tax deductions may be disappearing soon?
- February 8th, 2017
- David Greene
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With the new Trump administration, we may lose some tax deductions that we’ve used in years past. Therefore you should be sure to take advantage of them this tax year in case they are not available next year. Some of…
What steps can you take to lower your taxes in 2017?
- December 14th, 2016
- David Greene
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There are several questions you can ask yourself when preparing for tax season. (1) For every personal expense you pay, ask “How can I legally deduct this?” If unsure, pass it along to your tax preparer. (2) If you own…
Here are some tax saving tips for the Home Office.
- October 4th, 2016
- David Greene
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There are definitely some tax advantages to the home office deduction if it is set up correctly. Here are some pointers to help you get the most benefit: (1) the space must be exclusively and regularly used as the principal…
Here are some Back to School tax tips.
- September 7th, 2016
- David Greene
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Here are some school related tax tips. (1) Although private school tuition is not deductible, the child care component of the tuition is deductible for kids under 13. (2) Also for kids under 13, before and after school care may…
What is the status of tax credits for tax year 2015?
- March 1st, 2016
- David Greene
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Will any of the tax credits we had in tax year 2014 still be available for tax year 2015? Yes, I’m happy to say that the Protecting Americans from Tax Hikes (PATH) Act of 2015 preserved many of the consumer…
Are consumer tax return preparation programs right for everyone?
- February 2nd, 2016
- David Greene
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The answer depends on the complexity of your tax situation. If you have only W-2 income and claim the standard deduction, you can probably prepare your own tax return or the available programs would be fine. However, if you claim…
How to fight IRS denial of your Earned Income Credit and exemptions.
- January 26th, 2016
- David Greene
- Comments Off on How to fight IRS denial of your Earned Income Credit and exemptions.
Many people find their Earned Income creit and/or claim for exemptions for relatives denied by the IRS each year. This usually arises in the context of recently separated or divorced parents. Both will claim the exemption and credit and the…