JK Harris | May 11, 2009
Email and phishing scams are not uncommon on the Internet. Most individuals are aware of what email and phishing scams are, but there are those who don’t have a clue. One way or the other, it is important to be aware of what scams are out there so that you can avoid your personal information [...]
JK Harris | May 5, 2009
By now, you may have noticed a small boost in your take home pay due to President Obama’s “Making Work Pay” tax credit. In the past month, millions of taxpayers have been receiving the credit designed as part of the economic recovery package enacted by Congress in February. The problem lies in new withholding tables [...]
JK Harris | February 25, 2009
Did you get your W-2? These documents are essential to filling out most individual tax returns. You should receive a Form W-2, Wage and Tax Statement, from each of your employers each year. Employers have until February 2, 2009 to provide or send you a 2008 W-2 earnings statement either electronically or in paper form. [...]
JK Harris | January 27, 2009
OK, you know who you are. You are the taxpayer who waits until the very last minute to file your tax return. Well, if this in fact you, here are some tips to make the process go a little smoother. File your tax return electronically. This will be much quicker than using the paper forms [...]
JK Harris | January 26, 2009
If you are going to owe the IRS this year, you may want to consider using the Electronic Federal Tax Payment System (EFTPS) to make that payment when you file your return. And best of all it’s a free service offered by the IRS. Whether you are filing an individual or business return, you can [...]
JK Harris | January 12, 2009
According the IRS, if your favorite activity makes a profit every year or so, there might be tax issues that you are not aware of. The IRS defines a hobby as a not-for-profit activity; something that is recreational and is not pursued for profit. Your activity could be considered a business if it is carried [...]
JK Harris | January 8, 2009
There are currently two education tax credits available to help offset the costs of higher education. If you are attending school for your undergraduate, graduate or professional degree, the Hope Credit and Lifetime Learning Credit may benefit you. Because they are credits and not deductions, you may be able to subtract them in full from [...]