Many people may be thinking that it’s too early to think about next year’s taxes. However, if you own a small business, or you’re making moves in the coming months, you absolutely need to think about your next year’s or even quarterly tax returns. A lot of things happen throughout the year, and if you aren’t keeping tabs on anything, you may find yourself at a loss when March comes around. It’s for that reason, that many professionals, including those that are working with H&R Block, will recommend a semi-annual, midyear checkup. So let’s talk about Tips for Summer … Read the rest
Tag: IRS tax forms
Talking About Buying A Home
Things To Know When You Are Buying A Home
Buying a home can be a lot of different things. It will most likely be the most money you will spend on any single purchase. It may be the biggest debt you ever incur. And very likely, it could be the best investment you will ever make. Needless to say, it is a major decision to be made.
There are certainly many ways in which buying and owning a home is going to reflect on your personal income taxes. This is why seeking a consultation with H&R Block prior to … Read the rest
Turbo Tax Services Allow You To File Online
Now that your vacation has ended, it is a good time to begin your year on the right side with your taxes. Being prepared will enable you to get full income compensation through the help of tax volunteers.
The opening date for filing your taxes was Jan 2,2014, you could complete your taxes for filing using Turbo Tax 2014 prior to that date. Thus, this is the right time to start filing. An advantage of filing very early is that you will get your refunds earlier which is very much a logical action to take.
Using the fastest means of … Read the rest
Details On Obtaining Prior Year Tax Information From The IRS
Obtaining Prior Year Tax Information
The ability to get prior year tax information from the IRS is virtually a guarantee due to the fact that the IRS is required to keep tax returns on file for seven years. As with most actions related to the IRS there is a form that is required to fill out in order to obtain prior tax information. This is Form 4506 that can be found by completing a simple form search on the IRS website. The IRS will not provide prior tax information without filling out a hard copy of Form 4506.
The form … Read the rest
How To Organize Your Tax Records
How To Organize Your Tax Records
Learning how to organize your tax records can save you stress and time when it is time to file your taxes. Start the year with an organization system so you know where all of your records are when it is time to file your taxes. If you aren’t sure what records you need, here is a general guide that is suitable for most people.
Income
Your employer will issue a W-2 with your income and tax information for the year. You should also include interest statements from investment accounts and any 1099s that you … Read the rest
Tax Considerations for Divorced Parents with Joint Child Custody
When you have children, the divorce process can be very complex. Not only do you need to decide who the children live with and when, but you also must determine who is responsible for paying what. One issue that often gets overlooked in favor of the all-important child custody agreement is the issue of how to handle claims on your tax forms come tax season. Here are some tax considerations for divorced parents with joint child custody:
Get it in writing. Of course, you know that claiming dependents on your tax returns comes with benefits, in the form of … Read the rest