Don’t Fall for Phony IRS Websites

News straight from the Internal Revenue Service: The Internal Revenue Service is issuing a warning about a new tax scam that uses a website that mimics the IRS e-Services online registration page. The actual IRS e-Services page offers web-based products for tax preparers, not the general public. The phony web page looks almost identical to […]

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Don’t Miss Out on Tax Credits for Children in College

If you’re a parent, you’ve probably been worrying about how you’re going to pay for college tuition from the date of conception. And you’re not alone—college tuition, even for state schools, has skyrocketed over the last few years. Even if your college-aged child is able to get a job to help with costs, you’ll definitely […]

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Get Your Taxes Ready to File Before Your Extension is Due!

If you haven’t filed your taxes yet this year, we seriously hope that you were able to file an extension. Otherwise, you’ll be in big trouble with the Franchise Tax Board (read our previous post about this!) and it’s likely you’ll get hit with penalties and other charges when you do get around to filing. […]

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The Tax Return Deadline for 2011 Has Passed. What Now?

The passing of April 17th has marked the end of this year’s tax deadline for most, but that does not mean that steps should not be taken to ease next year’s tax season as well. For those that have missed this year’s deadline and have fallen behind, there are some measures you can take. The […]

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Does Alternative Minimum Tax Apply to Everyone?

When it comes to tax laws, it is very important that you remain up to date on all changes and modifications. If left unchecked, you could end up owing the Internal Revenue Service more than you thought by simply overlooking a recent update. In 2011, the IRS reworked what is known as the Alternative Minimum […]

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Is Obama’s Tax Proposal Good for Small Businesses?

A few weeks ago, President Obama released a proposal to lower the corporate tax rate, but we noticed it wasn’t getting rave reviews from either the left or the right. At first, many people thought that this proposal would be good news for small businesses, yet small-business advocates say that Obama’s plan will benefit only […]

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Are You Confused By Vehicle Tax Deductions?

Many business owners are stumped by the question of how and when to deduct vehicle use from their yearly income, and we know this because it’s one of the questions we hear most. The answer can be quite convoluted and vague when trying to research a solution from the IRS website and forums. The truth […]

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