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What is the best way to keep track of my tax documents?

Using file folders is an old way to stay organized and is extremely effective. Pick up several folders from an office...

What should i do if i make a mistake on my tax return?

If you need to make a change or adjustment to a return already filed, you can file an amended return. Use Form 1040-X, as ...

What are the different types of tax forms i need to fill out?

Common IRS tax forms you should know (and where to get them), Form 1040 and Form 1040-SR. Founded in 1993 by brothers Tom ...

What deductions can i claim on my taxes?

ITEMIZED DEDUCTIONS Standard deduction and itemized deductions, non-commercial deductible taxes, personal property tax,...

How much does it cost to hire a professional to prepare my taxes?

The cost of hiring a professional accountant to do your taxes varies depending on your situation and the tax forms you...

Are there any tax professionals that can help me with my taxes?

The IRS requires that any paid preparer who files more than 11 returns for their clients to file them electronically...

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Are there any special considerations for people with investments when it comes to filing taxes?

Income you receive from unqualified interest and dividends is generally taxed. Investment income often includes interest...

Are there any online resources that can help me with tax preparation advice?

Assistance Program (TAP) sites for electronic preparation and filing. Taxpayers have a variety of options to help prepare ...

What should i look for in a good tax preparer or accountant?

There are several types of tax return preparers, including certified public accountants, enrolled agents, lawyers, and...

What is the best way to file my taxes?

The best way to file your tax return is electronically, and you should do so as soon as possible. It will allow you to...

How can i make sure that i am taking advantage of all available deductions and credits?

Don't overpay taxes by ignoring these tax deductions. Check out the 10 most common deductions that taxpayers omit on...

How do i know if i am eligible for certain deductions?

Tax deductions allow you to reduce the amount of your income that is subject to income tax. These deductions are based on ...

Are there any special considerations for people with foreign income when it comes to filing taxes?

Excluding income from working abroad: the EFSI is the most common and comprehensive aid to avoid double taxation. You are ...

What are some tips for finding a reputable tax preparer or accountant?

Here are seven tips on how to find the best tax preparer or tax advisor for you: Request a Tax Preparer Identification...

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What is the difference between a tax accountant and a tax preparer?

What is the difference between a tax accountant and a tax preparer?

A certified public accountant (CPA) is a licensed professional with advanced education and training in many areas of...

Are there any special considerations for people with rental properties when it comes to filing taxes?

Are there any special considerations for people with rental properties when it comes to filing taxes?

Report all rental income on your tax return and deduct the corresponding income. A good record will help you monitor the...

Are there any special considerations for retirees when it comes to filing taxes?

Are there any special considerations for retirees when it comes to filing taxes?

Pay attention to Social Security and other income amounts. If you only have income from Social Security benefits during...

What is the difference between a standard deduction and an itemized deduction?

What is the difference between a standard deduction and an itemized deduction?

The difference between standard deduction and detailed deduction boils down to simple mathematics. The standard deduction ...

Are there any special considerations for self-employed individuals when it comes to filing taxes?

Are there any special considerations for self-employed individuals when it comes to filing taxes?

Self-employed individuals generally must pay self-employment (SE) tax as well as income tax. The SE tax is a Social...

Are there any special considerations for small business owners when it comes to filing taxes?

Are there any special considerations for small business owners when it comes to filing taxes?

Keeping exhaustive and accurate records of your company's income and expenses throughout the year makes filing a tax...