Keeping Your Books Straight

IRS Form 4868: Points To Know About Filing For An Extension

Posted on

Each year many taxpayers find themselves facing tax problems. These problems can range from unpaid back taxes, errors on tax returns, or audits. However, a common scenario seen at during tax time is that some people need to file extensions. You have likely heard about filing an extension, but you may not understand what it entails. The following points will help you to get a better understanding of the matter. Read More»

3 Lesser Known Tax Deductions And Credits You May Not Have Known About

Posted on

With the end of the year approaching, many people are thinking about what they can do to save on their taxes. If you are not careful, you can easily overpay on your taxes by not utilizing deductions that are available to you. Here are a couple ways you can save on your taxes that you may not have known about. 1. College Credits and Student Loan Interest Deductions First, if you are currently in college, or you are paying for a dependent to go through school, then you might qualify for a credit. Read More»

Deducting Health Insurance Costs For Self Employed Persons

Posted on

In addition to the daily responsibilities of operating a business, self-employed persons must also decide how to provide for their own health insurance. The potential financial liability resulting from an accident or sickness could place a business in jeopardy. To ease that concern, self-employed persons are able to take a tax deduction for the expenses of health insurance. The cost of your personal medical insurance is not deductible as a direct business expense of your company. Read More»