The Definitive Tax Form Timeline

All you need to know about when to expect what when it comes to tax forms! Sometime during the next few weeks you will start getting tax-related forms that will help you file your personal 2015 income tax return. All these forms need to be given to your accountant so she can complete your tax […]

What’s the Deal with Married Filing Separate?

When it comes to tax time, if you were legally married on December 31st of the tax year, then you can claim your filing status as either married filing jointly or married filing separately. Now that the feds recognize same-sex marriage, the same choice applies to same-sex couples, too. 95% of American married couples will […]

10 FAQs on Tax Deductions

Do you want to reduce your income tax? Then look carefully at the IRS’s allowable tax deductions. Deductions are subtracted from your adjusted gross income (AGI), determining the amount of tax you actually owe Uncle Sam. The IRS allows two ways to take deductions: the standard deduction or by itemizing certain deductions using Schedule A. […]

4 Things You Should Do (Immediately!) If You’re a Victim of Identity Theft – Part 3 of 3

In Parts 1 and 2 of our series on identity theft, we heard from IT expert Dan Fadayomi on how identity theft happens and what you can do to protect yourself. In this, our final post in the series, we’ll tell you how to cope if it’s too late and you find yourself a victim. […]

How the Government Shutdown Will Affect Your Taxes

Oh, the government shutdown. It was appalling, wasn’t it? Well be prepared for more chagrin, as the IRS has recently announced that we (and you) won’t be able to file taxes until early February this year! That’s right: February. The ripple effects of the shutdown are not only being felt by the thousands of Americans […]

What is a CPA??

Every field has its buzz words. Accounting is no different. We’ve got accountants, bookkeepers, tax preparers, and Certified Public Accountants (CPAs) to name a few. But what’s the difference? And why should you care? Let me ask you: when you hire a lawyer, you (generally) don’t ask if they have a degree or passed the […]