Tax filing status impacts several key areas of your federal tax return:
whether you are required to file, the size of your Standard Deduction,
your tax rate, your eligibility for specific tax credits, and
ultimately, the amount of tax you owe (or the...read more
The first step to maximizing your tax refund - and possibly keeping the
IRS at bay - is to use the correct filing status on your tax returns. If
only it were as simple as choosing Single or Married. But alas, there
are a whopping five (5) filing stat...read more
Be prepared and make tax preparation a breeze! Imagine how beneficial
and stress-free it would be to not rush around last minute gathering
your tax info. You can begin by making a list of what's changed since
last year and gather your supporting docu...read more
The end of the year is more than just holidays, great food, and family!
It’s also the perfect time to make smart money decisions, take action to
reduce your tax liability and give yourself peace of mind! The following
links are filled with tips and s...read more
I got a letter from TurboTax saying that I will need to have Windows 11
installed on my computer to use Turbo tax; unfortunately for me, as I
was loading Windows 11 on my laptop, it completely wiped out my hard
drive and I had no back up. All my hist...read more
I understand that Turbo Tax (TT) 2025 will not run on Windows 10. My
Question is since Turbo Tax now requires that everyone get Window 11 ---
will TT 2025 still be able to translate data from a 2024 return that was
completed on Windows 10 ? Also, whe...read more
I just got my email today from Turbotax announcing I could download my
2025 TTax ADVANTAGE DELUXE desktop software. I logged in and downloaded
it. When I ran the executable to install, it just went through the
process (as shown by the animated bar th...read more
anotaryPosted 3 weeks ago
| Latest post yesterday by
jm3
I am the Executor for the Estate of an individual that recently passed
away, and he owned a small but long-lived C Corporation 100% (Sole
Shareholder.) Last year, he made a Dividend distribution from the
Corporation to himself and I am working on his...read more
Hello. My question is whether an erroneous store refund is taxable
income. In two unrelated instances, I returned merchandise that I had
purchased (for personal use, not for a business), and I received a
refund for more than I had paid. The first tim...read more