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Tax Season Has Started

Millions of taxpayers typically file their tax return at the beginning of the year to get a refund. Until January 8, 2019, it was uncertain when refunds would be paid out due to the government shutdown that began on December 22, 2018. Starting today, January 28, 2019,...

How did your uncle really become a tax “pro”?

Ever wonder how your uncle became a tax pro? He went to the IRS website, got a tax preparer ID number, and purchased a tax software. Did you notice that required education was not listed? That was no mistake. The IRS does not mandate any education requirements,...

How You Lost the $4,050 Personal Exemption

One of the goals of the Tax Cuts and Jobs Act bill was to simplify taxes. In an effort to simplify taxes, the per person exemption was eliminated. This exemption previously allowed you to claim $4,050 per person in your tax household and exclude that amount from your...

Are you still on the hook to have health insurance?

With the implementation of the Tax Cuts and Jobs Act bill, there were some important changes to the Affordable Care Act, or what you may refer to as ObamaCare. The biggest misconception of the new tax law is that the mandate to have health insurance was eliminated...

Filers Who Itemize: New Limitations to Taxes You Can Claim

The Tax Cuts and Jobs Act Law limits the amount of state and local taxes (SALT) you can claim to $10,000 per year (or $5,000 if married filing separately) if itemizing your deductions on your 2018 return. Previously, there was not a dollar limitation on the amount of...

Taxes are simple

-Episodes 1-8 

Recent Posts

IRS to Issue Tax Refunds Despite Government Shutdown

IRS to Issue Tax Refunds Despite Government Shutdown

Millions of taxpayers typically file their tax return at the beginning of the year to get a refund. Until today, it was uncertain when refunds would be paid out due to the government shutdown that began on December 22, 2018. Under previous government shutdowns, the...

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Drop Your “Pro”. Taxes are Simple.

Drop Your “Pro”. Taxes are Simple.

Did you start your tax return with TurboTax, get a refund result, then move to H&R Block online to see if you could get an even bigger refund? Maybe you went to three different tax offices to see which one would give you the best refund result? Did you pay the...

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Self-Employed: Are you claiming all of your expenses?

Self-Employed: Are you claiming all of your expenses?

If you are a freelancer, sole proprietorship, Uber driver, contractor, subcontractor, you work for yourself, receive a 1099-MISC, you get the idea, and you have more than $5,000 in business expenses, then you will need to file a Form Schedule C as part of your next...

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