Blog

The American Opportunity Tax Credit | What Is It

January 14, 2021

With the rising cost of higher education, student loans now encompass the lives of those who have degrees. To help offset this cost, the government ...

IRS

What to Do if You Owe Money to the IRS

January 7, 2021

Do you suspect you owe money to the IRS? Are you unsure of the amount you owe and do not know how to access this ...

Tax Credits

Adoption Tax Credit: Your Complete How-To Guide

December 31, 2020

Adoption can be one of the biggest blessings, but it does usually require the parent or parents to incur many adoption-related expenses. The Adoption Tax ...

Money

How to Best Track Your Income and Expenses

December 24, 2020

Are you struggling to organize your income and expenses? Is the tracking of these items overwhelming for you as an entrepreneur or small business owner? ...

Tax Credits

The Lifetime Learning Tax Credit | What You Should Know

December 17, 2020

This tax credit is perfect for those who have incurred certain educational expenses like tuition. It gives taxpayers a chance to save some money on ...

Education & Taxes

529 College Savings Plans | What Are the Tax Benefits

December 10, 2020

A 529 college savings plan is an excellent way to invest in a child’s future. College costs are soaring, making it hard for people to ...

Deductions

Mileage Log | 7 Habits You Need to Adopt

December 3, 2020

What do you know about the importance and value of accurate mileage logs? At first glance, a mileage log may look like an ordinary document ...

Audit

What Documents are Needed for an IRS Audit?

November 26, 2020

Are you wondering what documents are needed for an IRS audit? Is the thought of preparing for an IRS audit making your stomach turn? Realize ...

Tax Credits

Tax Credit for the Elderly or Disabled | How to Take It

November 19, 2020

The Tax Credit for the Elderly or Disabled was designed to help the nation’s seniors and disabled taxpayers by reducing their tax bill by an ...

Tax Credits

Best Tax Credits for Parents | Tax Year 2020

November 12, 2020

There’s no doubt about it; between diapers and daycare, taking care of a child is not a simple task and is certainly not easy on ...

Education & Taxes

College & Taxes | How to File Taxes as a Student

November 5, 2020

College costs are overwhelming to many students and parents today. Financial aid barely covers the cost of tuition in some instances. Students are often put ...