Category Archives: Income Tax

Nine Tips for Taxpayers Who Owe Money to the IRS

Posted on September 29, 2010 by Admin2

Did you end up owing taxes this year? The vast majority of Americans get a tax refund from the IRS each spring, but those who receive a bill may not know that the IRS has a number of ways for … Continue reading →

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Do You Need to Amend Your Return?

Posted on September 22, 2010 by Admin2

If you forgot to include some income or to take a deduction on your tax return – you can correct it by amending your tax return. In some cases, you do not need to amend your tax return.  The Internal … Continue reading →

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Identity Theft and Taxes

Posted on September 15, 2010 by Admin2

Taxpayers need to be careful to protect their personal information. Identity thieves use many methods to steal personal information and then they use the information to file a tax return and get a refund. Here are 10 things the IRS … Continue reading →

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Five Tax Scams to Avoid

Posted on September 8, 2010 by Admin2

The Internal Revenue Service issues a list of the top 12 tax scams each year – known as the Dirty Dozen. The scams are illegal and can lead to problems for taxpayers including significant penalties, interest and possible criminal prosecution. … Continue reading →

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Five Facts about the Making Work Pay Tax Credit

Posted on September 1, 2010 by Admin2

1. This credit – still available for 2010 – equals 6.2 percent of a taxpayer’s earned income. The maximum credit for a married couple filing a joint return is $800 and $400 for other taxpayers. 2. Eligible self-employed taxpayers can … Continue reading →

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Six Tax Tips for New Business Owners

Posted on August 26, 2010 by Admin2

Are you opening a new business this summer? The IRS has many resources available for individuals that are opening a new business. Here are six tax tips the IRS wants new business owners to know. First, you must decide what … Continue reading →

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Education Tax Credits

Posted on August 23, 2010 by Cliff

School started this morning in Fulton County.  With one in college and four more to go, education funding is an important topic at our house.  Luckily the tax code has several options that help to defray the cost of higher … Continue reading →

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Business Use of Automobiles

Posted on August 20, 2010 by Cliff

When you use a vehicle for business purposes, you can deduct the business portion of the operating expenses on your job or business. If you use it only for that purpose, you may deduct its entire cost of operation (subject … Continue reading →

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Six Tax Benefits for Job Seekers

Posted on August 19, 2010 by Admin2

Did you know that you may be able to deduct some of your job search expenses on your tax return? Many taxpayers spend time during the summer months updating their résumé and attending career fairs. If you are searching for … Continue reading →

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Four Tips on Preparing for a Disaster

Posted on August 18, 2010 by Cliff

Monday night we had a great speaker at Scouts from the Alpharetta Community Response team.  She gave the boys a demonstration of what to carry in a family emergency pack.  It got me to thinking about how we should prepare … Continue reading →

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