Category Archives: Tax Return Preparation
Deducting Charitable Contributions
In addition to the satisfaction and peace of mind that comes with charitable giving, individuals who donate funds to certain charitable establishments could also qualify for a special deduction. There are, however, strict rules regarding charitable deductions, so if you donated to a charity last year and have questions about your eligibility for a… Read More »
Should I Itemize My Deductions?
Many people mistakenly believe that tax deductions directly reduce the amount of taxes that they owe. The reality, however, is that tax deductions lower the amount of a taxpayer’s taxable income, which in turn, lowers his or her tax liability. There are a couple of different ways to track deductions when filing a federal… Read More »
When, How, And Where To File Your Taxes
Even taxpayers who have successfully filed their taxes in the past could find themselves facing unfamiliar issues, delayed refunds, or improperly assessed penalties. To help, we have included a few general tips about when, how, and where to file your taxes. These are, however, are only basic guidelines that may not account for a… Read More »
Steer Clear Of These Common Tax Return Errors
As the extended May 17th tax return filing deadline grows ever closer, taxpayers should keep an eye out for certain errors when filing, which, if left unaddressed can affect processing and delay refunds. Although we’ve included a few of the most common errors made by taxpayers when submitting their taxes, they are by no… Read More »
Self-Employed Individuals May Qualify For New Sick And Family Leave Tax Credits
Filing taxes can be complicated, especially for self-employed individuals, who may not be aware of what types of credits and deductions they qualify for. This is where an experienced Florida tax return preparation lawyer can make all the difference, so if you have questions about how to claim a tax credit, don’t hesitate to… Read More »
Tips for Small Businesses When Filing Employment Tax Returns
There are two forms commonly used by small businesses when filing employment tax returns, one of which requires the payment of employment taxes on a quarterly basis, while the other involves payment once a year. The two forms aren’t interchangeable and taxpayers should be sure to always file according to their designated requirement, or… Read More »
Tax Filing Season Begins in February
For most of us, it seemed like 2021 couldn’t come soon enough. However, with the new year come additional hurdles, including tax season, which officially starts February 12th, when the IRS will begin accepting and processing 2020 tax returns. While tax season typically begins in late January, this year, the IRS has decided to… Read More »
Preparing to File Next Year’s Tax Return
While tax season may still seem relatively far off, taxpayers are still being encouraged to take certain steps to prepare for the 2021 tax filing season, including gathering tax-related documentation and checking their ITINs. To learn more about the things that you can do to make the tax return filing process easier, please call… Read More »
What You Should Know About the Home Office Deduction
The home office deduction is only one of a number of different deductions and credits that allow self-employed taxpayers to save money come tax season. With more people working from home than ever, a thorough understanding of these deductions has become critical for many taxpayers, so if you have been working from home and… Read More »
Tax Relief Offered to Retirement Plan Participants Affected by COVID-19
Earlier this year, Congress enacted the Coronavirus Aid, Relief, and Economic Security (CARES) Act, which provided economic relief to millions of Americans who have been affected by the COVID-19 outbreak, including enhanced access to plan distributions and loans for qualifying taxpayers. Determining whether a person is eligible for relief under this law can be… Read More »
