JK Harris | August 29, 2009
Summertime Tax Tip 2009-22 Every year, the IRS sends millions of letters and notices to taxpayers. Many taxpayers will receive this correspondence during the late summer and fall. Here are eight things every taxpayer should know about IRS notices – just in case one shows up in your mailbox. Don’t panic. Many of these letters [...]
JK Harris | August 28, 2009
Summertime Tax Tip 2009-23 Although most people won’t be filing their tax returns for several months, the dog days of summer are actually a great time to start planning for the tax filing season by ensuring your records are organized. Whether you are an individual taxpayer or a business owner, you can avoid headaches at [...]
JK Harris | August 24, 2009
Summertime Tax Tip 2009-20 If you are a small business owner, whether you hire people as independent contractors or as employees will impact how much taxes you pay and the amount of taxes you withhold from their paychecks. Additionally, it will affect how much additional cost your business must bear, what documents and information they [...]
JK Harris | August 20, 2009
Summertime Tax Tip 2009-14 You may know when to hold ‘em and when to fold ‘em but do you know how and when to report ‘em? Whether you are playing cards or the slots, it is important to know the rules about reporting gambling winnings and losses. Here are seven things the IRS wants you [...]
JK Harris | August 20, 2009
Summertime Tax Tip 2009-18 Summer is a time many Americans take their fishing poles and gardening tools out of storage. Hobbies – such as woodworking, stamp collecting and scrapbooking – are often done for pleasure, but can result in a profit. If your favorite activity does make a profit every year or so, there may [...]
JK Harris | August 17, 2009
Summertime Tax Tip 2009-17 Taxpayers who find themselves the victim of a natural disaster or theft this summer should know the rules for deducting their casualty losses next year when they file their federal tax return. Generally, you may deduct losses to your home, household items and vehicles on your federal income tax return. Here [...]
JK Harris | August 13, 2009
Summertime Tax Tip 2009-16 With technology making it easier than ever for people to operate a business out of their house, many taxpayers may be able to take a home office deduction when filing their 2009 federal tax return next year. Here are five important things the IRS wants you to know about claiming the [...]
JK Harris | August 11, 2009
Summertime Tax Tip 2009-15 The vast majority of Americans get a tax refund from the IRS each spring, but what do you do if you are one of those who received a tax bill? Here are eight tips for taxpayers who owe money to the IRS. 1. If you get a bill this summer for [...]
JK Harris | August 5, 2009
Summertime Tax Tip 2009-13 Who couldn’t use a little extra cash this summer! The IRS may have some money for you. If you have not filed a prior year tax return and are due a refund, you should consider filing the return to claim that refund. If you are missing a refund for a previously [...]
JK Harris | August 3, 2009
IRS Summertime Tax Tip 2009-01 Many taxpayers spend time during the summer months polishing their résumé and attending career fairs. If you are searching for a job this summer, you may be able to deduct some of your expenses on your tax return. Here are the top six things the IRS wants you to know [...]