Did you know that there are 664, 532 certified public accountants (CPAs) in the U.S.? Before entrusting your finances to the first CPA whose name comes up on a Google search, consider what makes a great CPA, from communication to services offered. Here’s a little inside scoop to help you prepare for tax season and…
The only two things that are certain in life are death and taxes. Or are they? We think we should actually add a third thing to that list: tax scams. Since everyone knows that we are all at the discretion of the tax man, there are many unethical people out there who are waiting to…
Filing for joint taxes with your spouse is a somewhat murky area in terms of determining who is liable for each particular obligation. Because you often share a mixture of common assets as well as personal assets, your taxes might be different from those of your spouse. In the event of a divorce, those obligations…
It is getting to that time of year. Where many of us will sit down and plug our way through TurboTax or another do it yourself tax preparation software. By the end, most of us will want to pull out our hair, but that refund will often make it all worthwhile. While it may seem…
The Bureau of Justice Statistics reports that 7 percent of people over 16 reported identity theft in 2012, with most stolen information used for opening accounts. One of the dangers of having your social security number stolen when filing taxes is the IRS seeing that number used for tax filing already. You can’t get a…
Most married couples file their taxes jointly as a matter of course. But there are some instances when filing separately is actually the better choice for a married couple. Just in time for tax season, here’s what you need to know to determine when filing jointly and separately makes the most sense: The Perks of…
You’ve filed for the federal tax exemption, and your nonprofit organization has been approved. At this point, you can put the IRS paperwork aside and focus on your volunteer organization, or can you? Being tax exempt is not as straightforward as it sounds, as most nonprofits still have to pay some taxes. Here is a…