Charitable Summer Giving Equals Tax Deductions

During the leisure-driven summer season, people should still want to increase their charitable giving. Not only is this a noble enterprise, but it also benefits the taxpayer during tax season. There are many avenues of giving that can earn a tax deduction for the average person.

For instance, children’s summer camps provide fun and safe day care to many needy kids. They rely on donations to help parents with summer time care while parents are working and the kids are not in school. Another good avenue is finding a community fan and air conditioning drive which helps families and the … Read the rest

Tax Returns: Processing Begins On January 30th


Tax Return Processing

The Internal Revenue Service of the United States(IRS) made the announcement this past week that the season for filing taxes will not begin until January 30th. They are not going to start any processing of individual tax returns until that date.

The IRS had originally announced January 22nd as the date they would be opening tax filing. The reason for the bump back in the date is the changes in the tax law that congress passed on New Year’s Day. This all had to do with the “fiscal cliff” negotiations between house Republicans and the president.

At … Read the rest

Benefits Of Using Free Turbo Tax For Your Taxes


Free TurboTax

When you are going to file your taxes, you may find it is a bit more complex then what you were thinking it would be. This is when you should learn more about the benefits of using free turbo tax to file your 2012 taxes. Once you know about the benefits which are present here, you will not want to use anything else, but you will want to do all of your tax work from this type of location.

Price:

The first benefit you can find is the cost of getting your 2012 taxes done with the free … Read the rest

Hiring an Accountant: Questions You Need to Ask


When you’re running your own business, finding the right accountant is imperative. Many people think they can cut costs by managing their finances themselves but this can be risky, as any mistakes can severely affect your business. A proficient accountant doesn’t merely fill out your tax return; they should also offer you sound business advice. That’s why you need to ask the right questions at the very beginning of the hiring process. You need to find out if the CPA has your best interests at heart and if they will offer you more than just doing the paperwork. To help … Read the rest

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