Tag Archives: Tax tips

Tips about Tipping the IRS

Here are a few tips about paying your taxes: Never send cash. The IRS accepts checks and electronic payments, including debit or credit cards. You can pay the IRS through direct withdrawal of your bank account using the IRS Direct … Continue reading

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No Money, Better File

Did you prepare or are getting ready to prepare your income taxes?  If so, and you owe more than you can afford to pay, don’t make the mistake of not filing your income tax return.  Even if you cannot pay … Continue reading

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2014 Tax Tip #3 – Severance Payments

Severance payments are now subject to FICA, also known as Social Security taxes, and that the payments were treated as wages.  For more tax tips, contact our office at 816-524-4949.

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Make a Tax Mistake?

If you have made a mistake on your tax return, don’t worry. You can fix it by filing an amended return, and here are some tips to help you file this return: 1. The form you need to use in … Continue reading

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Going back to school? Save those taxes

If you, your spouse or your dependent are heading off to college, here are some quick tips that could safe you some money come tax time: 1. American Opportunity Tax Credit- this credit can be taken up to $2,500 each … Continue reading

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Tax Benefits for the Military

Here’s a few tax tips for people who are members of the armed forces: 1. Some members of the military can postpone some tax deadlines if they serve in a combat zone. 2. If you serve in a combat zone, … 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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Tax Tips for New Businesses

If you are starting a business, here are a few things you should be aware of: 1. Incorporation. When you start out, you need to choose the type of structure of your business. Some common types are partnerships, corporations and … Continue reading

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Back-to-School Tax Tips for Students and Parents

Going to college can be a stressful time for students and parents. The IRS offers these tips about education tax benefits that can help offset some college costs and maybe relieve some of that stress. • American Opportunity Tax Credit.  This … Continue reading

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Moving This Summer? Here are 10 Helpful Tax Tips

School’s out for the summer, and summer is a popular time for people to move – especially families with children.  If you are moving to start a new job or even the same job at a new job location, the … Continue reading

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