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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

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Recent Posts

Are the upgrade fees really worth it?

Are the upgrade fees really worth it?

Back in 2016, Kristy, my fiancée, COO of IOOGO and wonder woman, asked me why my tax customers still paid my franchisees $100 -$400 for a personal income tax return. I explained to her that our 15+ years of experience allowed us to provide customers with quality work...

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Children = Bigger Refunds in 2019

Children = Bigger Refunds in 2019

The implementation of the Tax Cuts and Jobs Act bill introduced changes to the Child Tax Credit. The first change is an increase in the amount of the Child Tax Credit. It increased from $1,000 to $2,000 per qualifying child. The refundable part of the Child Tax...

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