MYD-Taxes
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Ten Ways to Make Charitable Gifts Work for You
The statistics show that Americans are big on giving to charity. The amounts average approximately two percent of the GDP for the country and it is estimated that the majority of the funding is made by individuals versus corporations with approximately eighty eight percent of households giving to charity. In addition to helping those less […] More
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Don’t Freak Out If You get Audited by The IRS
You know what they say. There’s only two certainties in life – death and taxes. The good news is that you only have to get your calculator out for one of them. Preparing for an IRS audit is not something that people tend to enjoy. It is fussy, fiddly, and time consuming. But, unfortunately, it […] More
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Make Tax Day A Little Easier with Our Most Important Reminders
It’s tax day, today! For those of you still unaware that you had until today to file your income tax return, we have to tell you one more time that Friday was a federal holiday in Washington D.C. and that means you have an additional three days to file. Now that today is the day, […] More
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What To Do if Someone Else Filed A Tax Return in Your Name
Now that we have less than a week to go until the official close of tax season, as many as a quarter of American taxpayers are working diligently to file their returns last minute. It’s nice to have it behind you, but it might mean that you are too late to file your own return […] More
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Ridiculously Simple Mistakes Many People Make With Their Taxes
Everyone makes mistakes. It’s all a part of being human. Do we love making mistakes? No; no one really enjoys making mistakes. However, we all do it and we can all learn from them. That’s what makes mistakes so valuable. There is no great success without first failing, making mistakes and learning from them. Everything […] More
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A Few Last Minute Tax Filing Tips for Last Minute Filers
Tax day is only a few weeks away, and we know that many of you are scrambling to get your paperwork together and get your taxes completed before the deadline arrives. Statistics show that as many as 25% of taxpayers wait until the last possible moment to file their income taxes, mostly due to the […] More
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Should You Pay Taxes With Your Credit Card to Get The Points?
Yes, you can use your credit card to pay taxes but here we’re going to tell you how and why. While this may not seem like a good idea, it can be as long as you are financially responsible. Remember that most people can earn a considerable amount of points from using their credit card […] More
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Three Things You Do Not Want in A Tax Professional
Just when you think that you’re late to the game, you’re really not as late as you might think. If you have not yet even begun the process of working on your taxes, don’t fret. Many have not. The good news is that you have time to file for an extension of time in case […] More
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How to Take Advantage of Tax Savings By Maxing Out Your IRA
Tax day is almost here, and we know you are scrambling looking for any potential last minute deductions, credits and anything else that might allow you to save a bit of money on your taxes. I know I was before I paid mine; and that means that the rest of the world is doing the […] More
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Should You Take A Bigger Paycheck or a Bigger Tax Refund?
With tax time just around the corner, we find that many people are asking the same question. Should you contribute more to withholding for a bigger tax refund, or should you have a bigger paycheck throughout the year? Many people are divided on this one, and others have very staunch opinions on the subject matter. […] More
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The Top Three Questions to Ask Any Tax Preparer
With tax season closing in just a few short weeks, many tax filers are left wondering how they are going to finish their income tax return in time, and how they are going to find someone to do their income taxes for them. If you are a simple filer without much more than a W2, […] More
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3 Reasons Not To Pay Your Taxes With Your Credit Card
If there are two things in the world people dislike more than most anything, it’s taxes and credit card debt. On that note, don’t pay your taxes with your credit card. It should be that simple, but for many it’s anything but. Ideally, we would all figure out precisely how much money we owe the […] More