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Tax Fraud – Signs You May be a Victim of a Fradulent Tax Return

by Kevin Mercadante March 12, 2013

Identity theft is a big enough disaster all by itself, but when it brings us into closer contact with the Internal Revenue Service, that adds a whole other dimension to the picture. Yet if you are a victim of identity theft, there is a growing chance that it will have its origins in tax fraud. [...]

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Do You Have a Tax Refund Coming? What Will You Do With It?

by Miranda Marquit March 4, 2013

Once again, we’re in the midst of tax season. For many filers, there are expected delays, since the IRS isn’t ready to process some of the forms. But as the debate continues to rage on between those that say a tax refund works as forced savings and those that insist you should try to avoid [...]

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Tax Considerations for Freelance Workers

by February 21, 2013

Being your own boss through freelance work is a great challenge and great experience. You set your own hours, you pick the clients, and the buck stops with you. There is no system for you to follow, no rules of engagement passed down from some drone at the corporate office. That also means you have [...]

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Material Participation Test: Are You Involved in Your Business?

by Miranda Marquit January 30, 2013

One of the goals that many business owners have is to slowly disengage themselves from the day to day running of the business and eventually just enjoy the income from the business without needing to do a whole lot of active work. While this is admirable goal, this situation could actually lead to some thorny [...]

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Will You Take the Home Office Tax Deduction for 2013?

by Miranda Marquit January 24, 2013

I actually take the home office tax deduction for my business. I’m in a good place, where the deduction helps reduce my income — without AMT worries. Additionally, since I don’t include home depreciation in my deduction, I don’t have to worry about what happens if I sell my home for a gain (not that [...]

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Tax Season is Here: Are You Ready?

by Miranda Marquit January 18, 2013

With a new year underway, tax season has arrived. If you don’t want to be subject to the last-minute rush, you need to start preparing now for April. Here are a few things to take care of now: Update Your Personal Information Double-check the personal information you provide to others. If you are a freelancer, [...]

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What To Do If You Can’t Pay Your Taxes

by January 15, 2013

“but in this world nothing can be said to be certain, except death and taxes.”  Benjamin Franklin had it right. If there is anything just as inevitable as death in this world, it is that the government will want to tax you. Whether or not you agree with the taxes you pay or what the [...]

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