Estimated Taxes – Who, When, and How Much

by Ryan Guina January 10, 2014

Do you owe estimated taxes? The US tax system is a pay as you go system, which means you are supposed to pay taxes as you earn income. This isn’t a problem for many people because their employers withhold their taxes from their paycheck. But if you do not have enough money withheld from your […]

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Income Tax Deductions Ain’t What they Used to Be

by Kevin Mercadante August 12, 2013

In America, we love our tax deductions. We may despise the tax code, and find it anything but user-friendly – but don’t touch our cherished deductions. Much of that is born out of the history of the tax code. For decades, high marginal tax rates and generous deductions, affected the way we spent money and […]

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2013 Taxes Are History – Start Preparing for 2014 Now

by Ryan Guina June 4, 2013

The further we go into the future, the less certain we are about IRS rules and regulations. We know how things are now – and we know something about what is planned – but if the Affordable Care Act (Obamacare) is any indicator, those plans are subject to change. Tax year 2014 rules may not […]

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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 Kevin Mulligan 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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