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Are You Ready for the New 1099-K?

by Miranda Marquit January 23, 2012

Starting this year, for tax year 2011, there is a new 1099 form in town. Many of us are already familiar with the 1099-MISC, especially if we work from home as contractors. The 1099 is meant for income that comes, in a fairly regular way, from sources that aren’t considered a “regular” job (which will issue [...]

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Year End Tax Tips

by December 7, 2011

The end of the year is rushing to a close, which means now is the time to finish your plans for saving money on your taxes. While there are some things you can do after December 31st to lower your tax obligations, most things must be accomplished by the year’s end. These year end tax [...]

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An Explanation of the Flat Tax Proposals

by Emily Guy Birken November 8, 2011

I am old enough to remember Steve Forbes’s failed bids for the presidency back in 1996 and 2000, and young enough to have thought that his flat tax plan (which was the cornerstone of his campaign) was a startling new idea. Seeing new incarnations of the flat tax every four years as the race the [...]

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Open These Accounts Now to Reduce Your Tax Liability

by Miranda Marquit October 21, 2011

Now that the year is almost spent, many people are trying to figure out what they can do to reduce their tax liability. Now is a good time to prepare your finances for the end of the year, and try to figure out the best way to reduce what you owe. One way to do [...]

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Money-Saving Home Office Tax Deductions

by Laura Adams September 27, 2011

As more people enjoy the benefits of working from home on either a full- or part-time basis, it’s important to understand what money-saving tax deductions are available. Keep reading and we’ll cover who can claim a home office, the basic requirements, and which expenses are deductible. Who Can Claim a Home Office? No matter if [...]

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Estimated Taxes – Who, When, and How Much

by September 14, 2011

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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Looking for Work? Tax Breaks You can Take

by Miranda Marquit September 12, 2011

It’s a tough job market out there. Unemployment claims keep rising, and there are concerns that many companies just aren’t hiring. (This economy has seen the rise of temporary jobs and freelance jobs, but many people are still looking for regular work). You probably know that you have to pay taxes on unemployment income. It’s [...]

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