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Article Category: Taxes

Tax Deductions for Vehicles Over 6,000lbs

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If you operate a business, searching for tax deductions is probably something that becomes a part of your daily regime as the April 15th deadline approaches each year. In case your business is or includes some form of transportation, however, there is a good chance that you ran into specific deductions for vehicles weighing over… Read more »

Can You Deduct Back Taxes on Your Tax Return?

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With millions of small business owners who hold pass-through entities, it is not uncommon to see folks struggle to keep up with their taxes. After all, having such a venture means that they are liable for self-employment, federal, and state taxes. When those responsibilities are paired with some inexperience, one may find themselves facing a… Read more »

Can I Deduct Rental Expenses Before Renting?

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The quick answer to this question is yes and no. Why both? It depends on whether the property is considered held for investment or held as a business with the intent to generate a profit because deducting rental expenses is directly related to the nature of your endeavor. Business or Investment When It Comes to… Read more »

Does the IRS Know When You Buy or Sell a House?

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Whenever you buy or sell a house, you are most likely going to engage in a hefty transaction that can easily rise to hundreds of thousands of dollars. Courtesy of such enormous figures, the last thing that you will want to do is spend more on taxes that relate to the venture. While feeling that… Read more »

Virtual Tax Prep: Why You Should Get Tax Help Online

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No matter how many times you’ve done your taxes, you likely face new tax challenges every year. Both new and experienced taxpayers struggle with this process, and many have no idea where to get tax advice online. Without professional guidance, it’s normal to feel anxious and unsure. What happens if you make a mistake? What… Read more »

How To File Your Taxes Online

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Navigating your taxes isn’t always easy. Between the forms and financial jargon, it’s not uncommon for the average person to feel lost. It can help to learn how to file your taxes online, but even the most popular tax prep programs can leave you scratching your head. To clear up the confusion, start with these… Read more »

RSU and Taxes: Restricted Stock Tax Implications

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Loyal employees often get perks for outstanding job performance, but most companies expect you to pay your dues before the benefits rain down. If you have an influx of restricted stock income coming your way soon, it’s a good idea to learn all you can about RSU and taxes. What Is RSU Income? If you… Read more »