Mistakes on tax returns mean they take longer to process, which in turn, may cause your refund to arrive later. Avoid these nine common errors so your refund is timely.
Monthly Archives: March 2011
Do you have a Taxable Gift?
by Oscar • • 0 Comments
If you give someone money or property during your life, you may be subject to the federal gift tax. Many gifts are not subject to the gift tax. Let us help you determine if your gift is taxable.
Form W-2, FICA, Medicare, Tips, Employee Benefits
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Question: As an employer, do I have any liability if my employees receive tips but don’t report them to me? Answer: Employers in industries where tipping is common know that they must pay the employer share of social security…
Seven Facts about Injured Spouse Relief
by Oscar • • 0 Comments
If you file a joint return and all or part of your refund is applied against your spouses’ past-due federal tax, state income tax, child or spousal support or federal nontax debt, such as a student loan, you may be…
Eight Tips for Deducting Charitable Contributions
by Oscar • • 0 Comments
Charitable contributions made to qualified organizations may help lower your tax bill. The IRS has put together the following eight tips to help ensure your contributions pay off on your tax return. If your goal is a legitimate tax deduction,…
Ten Tax Benefits for Parents
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Did you know that your children may help you qualify for some tax benefits? Here are 10 tax benefits the IRS wants parents to consider when filing their tax returns this year. 1. Dependents In most cases, a child…
Employee Business Expenses
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If you itemize deductions and are an employee, you may be able to deduct certain work-related expenses. The IRS has put together the following facts to help you determine which expenses may be deducted as an employee business expense. Expenses…