Getting an e-mail from your boss, asking you to do something as soon as possible, can make you jump on the spot. So it comes as no surprise that scammers are now sending emails as CEO or some other top executive at the company and demanding a long list of W-2 files via PDF [...]

Tax season is here and it is no wonder that our work tables are piled high with tax-related paper work. With so many tax forms like Tax Form 1040, to file your personal taxes, or your W-2 Form from your employer, there are a number of different tax forms you might overlook.   Here are [...]

  Being self-employed comes with its own challenges and with the tax season upon us, it comes as no surprise that there is extra paper-work on your desk.   As a self-employed individual, keeping your records organized is the first step to breeze through the tax season. Keeping yourself updated about self employment deductions is [...]

Taking advantage of every possible deduction is highly beneficial, especially if you are short of money. Yet, a lot of such available different tax deductions go unclaimed by taxpayers due to lack of knowledge.   IRS allows itemized deductions and although a few deductions are known by taxpayers, there are still a number of forgotten [...]

 The Tax season is on and it comes as no surprise that you would want to be on top of everything. With taxes, the more you know, the better off you are.     Here is a list of things you must know about taxes.   Not Everyone Has to File a Federal Income Tax [...]

With tax day looming just ahead, it comes as no surprise that the number of phishing emails has surged as well. They are not only targeting individuals, by emailing as someone legitimate from your bank or Human resources department but are also targeting companies in hopes of acquiring personal information and Social Security Numbers of [...]

With the tax season on, it comes as no surprise that a number of scams and myths start swirling around. Here we take a look at some of the most common income tax myths and the right way to go about it.   Tax-Deductible Work Clothes Not all work clothes are tax-deductible. The only type [...]

This year the standard deduction for heads of household, according to IRS, is $9300. For single filers and married couples filing separately, it is $6300 and $12600 for jointly filing married couples. Like anything, taking standard tax deductions has its pros and cons, which are discussed below. Pros of Taking Standard Tax Deductions If you [...]

Filing your taxes is no fun and going through all the paperwork, as the tax season comes near, is even worse. Depending on how you handle it, it can be easy and seamless or it can be your worst nightmare. There are a number of steps you can take to ensure you end up in [...]

  You know tax season is here when you have a big pile of year-end statements, tax return forms and crumpled receipts. According to IRS, an average taxpayer takes around 13 hours to prepare and file a tax return. Most of the time is spent in organizing everything; each and every single thing has to [...]