Tag Archives: Tax Returns

Tax Deductions Go Away

Under the Trump tax plan, taxpayers will no longer be able to deduct the interest paid on home equity loans and will only be able to deduct mortgage interest paid on debt up to $750,000.  In addition, taxpayers will no … Continue reading

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2017 Tax Season Starts January 29

The IRS has stated that it will begin accepting tax returns on January 29, 2018.  The tax deadline to file your 2017 income tax returns is April 17, 2018.  Tax refunds are expected to begin being paid out around the … Continue reading

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Upcoming Tax Deadlines

Partnerships and S Corporations must file by March 15, 2018 C Corporations must file by April 17, 2018 Individuals must file by April 17, 2018 IRA contributions for 2017 can be made until April 17, 2018 If you would like … Continue reading

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IRS Accepting Returns this Month

For the 2017 tax year, the Internal Revenue Service will be accepting tax returns beginning January 29, 2018.  The Internal Revenue Service will be issuing tax refunds for the earned income credit on February 27, 2018.  The last day to … Continue reading

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Leawood, Kansas CPA Could be Going to Jail

A former partner of an accounting firm in Leawood, Kansas pled guilty to the filing of false personal tax returns in an attempt to hide approximately $202,000.  As part of his plea, the CPA will pay over $100,000 to the … Continue reading

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That’s Insane! Part Two:

Next up in our series of crazy ways people have legally avoided taxes is Jan Van Dusen, the definition of a crazy cat lady. At one point, Ms. Van Dusen had taken in so many cats that she was caring … Continue reading

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That’s Insane! Part One:

This series will outline some of the most insane ways people have legally avoided paying taxes. Remember, these posts are just to give you a glimpse into the sometimes odd thinking of the US Tax Court, not to give you … Continue reading

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Common Tax Filing Errors

Before you file your tax return, make sure you double-check your return for these common mistakes: Wrong or missing Social Security Numbers. Misspelled names. Filing status errors. Math mistakes. Incorrect bank account numbers for direct deposits. Unsigned forms. If you … Continue reading

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Tax Tips When Selling Your Home

Here are a few tax tips to keep in mind when selling your home this year: 1. If you have a capital gain on the sale of your home, you may be able to exclude the gain from your tax … Continue reading

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Prepare for Hurricanes, Natural Disasters by Safeguarding Tax Records

With the start of this year’s hurricane season, the Internal Revenue Service encourages individuals and businesses to safeguard themselves against natural disasters by taking a few simple steps. Create a Backup Set of Records Electronically Taxpayers should keep a set … Continue reading

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