It’s Tax Time!

If you’re like most taxpayers, you find yourself with an ominous stack of “homework” around TAX TIME! Unfortunately, the job of pulling together the records for your tax appointment is never easy, but the effort usually pays off when it comes to the extra tax you save! When you arrive at your appointment fully prepared, […]

Rental Owners Need to Prepare for the New 2011 Reporting Requirement

If you are a rental owner and during 2011 make payments of $600 or more to a service provider (such as a plumber, painter, or accountant) in the course of earning rental income, the 2010 Small Business Jobs Act says that you are required to provide an information return (typically Form 1099-MISC) to IRS and […]

Income Tax Document Roundup

If you haven’t begun to do so already, you will soon begin to sort through a year’s worth of accumulated cancelled checks and receipts to identify the items you need for preparation of your tax return. Bear in mind, however, that in some cases a cancelled check or other proof that you paid an expense […]