Archives for February 2019

Tax time comes around with surprising regularity, and when it seems you’ve only just got over the stress of filing in time for the deadline, that time of the year comes around again and our taxes loom over us like a rain cloud. With the tax reform now in full swing, it’s more important than ever to get your taxes right, and to try to understand the changes to the… Read More

Tax filing can be a confusing and complicated debacle at the best of times, but with the effects of the new 2019 Republican Tax Law beginning to reverberate around the country, things just may have gotten out of hand. With some tax breaks having been scrapped or capped, and others being introduced or expanded upon, it can be tough to stay on top of things. So, here is the first… Read More

As discussed in Part One, the majority of US citizens use the services of paid tax professionals to help them submit their tax returns each year, and with these simple tips, your tax preparation experience can be as pain-free as possible: Locate records of all charitable contributions: Claiming a write-off for charitable donations when itemizing your deductions, requires clear and specific records of any transactions and gifts. For a contribution… Read More

One of the simplest ways of preparing for your taxes is to utilise the services of a tax professional, and recent statistics put around 60% of US tax paying citizens reportedly using paid preparers to submit their tax returns. While it is perfectly acceptable to go it alone – especially if you have a good head for such things – using a paid professional is the best way of eliminating… Read More