Tax Forms that Arrive in the Mail
Watch out for These Common Mistakes come Tax Season
Check out the mistakes that are most often made that the IRS catches!..more
Can you get away with filing the 1040EZ for your client, or do you need to use the 1040 long form? This article can help...more
Choosing Standard or Itemized Deductions
There is a very simple way to determine if you should itemize your client's deductions - if the combined total of her itemized deductions is greater than the standard deduction for her filing status, then do it!..more
There are five basic filing statuses that you can choose to represent your client's situation at tax time. Which does she qualify for and which yields the highest tax savings? Find out!
right? Unfortunately, a client may have thought so! Explain to him why that option may be more troble than it is worth.
Calculating Personal and Dependent Exemptions
Just one exemption can reduce your client's taxable income by $2,750. Read on to learn more about this credit's criteria.
Those newly graduated from college and starting out into the wide wide world can take comfort in the fact that the tax code can help them out in the areas of paying off student loans as well as relocating to their new jobs?
Not all tax professionals are the same. Different types of tax professionals have different educational requirements and different bases of knowledge. Not all can represent a client in an audit either.
Tax Form FAQs will help you understand which forms to use to file. It will also explain which forms will be sent to your client by employers, brokerage houses, etc.
If you want to know whether your client is at risk for paying tax penalities for filing an extension, or whether you need to file a return for a deceased relative of a client, Filing Returns FAQs can help.
This article contains FAQs on which records your client should keep for claiming credit for childcare expenses, records to keep for claiming home improvement expenses and other key record-keeping issues.
Tell your client to strive to be accurate. Your client may face a $500 penalty if you end up having too little tax withheld. If he doesn't file this form with his employer, the employer will have to withhold taxes at the highest rate...More
