Category Archives: Tax Preparation

Tax Deductions That Aren’t Allowed By the IRS

tax deductionsGetting a tax deduction for an allowed expense on your taxes is great. Making the mistake of claiming a deduction that is not allowed by the IRS can you get into trouble and a possible audit. For example, you can deduct the expense of a dinner with clients up to 50% of the bill only. If you claim more than the 50% allowed or you do not properly record the business purpose of the meeting, the deduction could be thrown out.

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Travel is similar to entertainment were only the part of the travel that is business related can be deducted. … Read more at 2009 Taxes

Three Savings Strategies Used By Millennials

The pressing desire for consumers to search for low prices lets us know that Millennials love great deals. Because of the volatile economy, individuals born between 1980 and 2000 are always looking for ways to save on purchases.

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Even economists are noticing how conscious these consumers are being with their funds. How are Millennials capable of maintaining this frugal lifestyle consistently?

Millennials Use Social Media

You may or may not be a fan of social media, but it is one of the main ways this generation chooses to communicate. Individuals are sharing everything from their opinions to pictures of their … Read more at 2009 Taxes

Reconsider Your Mortgage Tax Deduction

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Consider your Mortgage Tax Deduction in a New Way

You may have better options when it comes to your mortgage tax deduction, and Turbo Tax 2014 can help you get the best advantage possible.

Turbo Tax 2014 guides you through the process of decreasing your taxable income, and you may come to a new decision about claiming your mortgage interest. Homeowners have differing ideas about carrying a balance or paying off their mortgages entirely, but the following example may help you make the right decision for you.

For example:

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Q: I have the money to pay off … Read more at 2009 Taxes

Need Free Tax Filing? Choose Turbo Tax Free File For Your Tax Returns

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Filing your taxes over the internet can be tedious. However, Turbo Tax Free file enables you to do your taxes absolutely free over the internet. It is equipped with tons of features that will make you go through the process easily either from your house or office. Moreover, it is ideal for businesses, professionals and even those who are self-employed. Each user can file for their simple tax returns and it avails form 1040EZ that you can fill based on your marital status and availability of dependents. Although the free version can help you, it, may not be able to Read more at 2009 Taxes

Governor Cuomo And New York Tax Rates

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Your New York 2013 taxes may seem higher than ever, but changes may happen in the near future thanks to the proposed tax cuts set forth by Gov. Cuomo.

New York has a reputation for having a high tax rate, and it may take decades for this perception to change. Newspapers and magazines across the country have written about this perception, and this has only reinforced this feeling. TurboTax 2013 may be especially helpful for New York residents, and your 2013 taxes may be filed with confidence if you consult TurboTax 2013 as well.

Employers took notice when Cuomo announced … Read more at 2009 Taxes