Many people who give their tax returns away to be filed by a professional often do not ask important questions to find out if they in fact are as legitimate as they appear to be… This is surprising considering the private materials being handed over in this transaction – bank accounts, income, SSN, TIN, etc. […]
Taxes for Individuals
Find Legal Tax Savings AND Reduce Your Audit Risk?
The risk of a tax audit can make people do funny things. Some give up $thousands of tax savings just to avoid the increased chance of one. There are even tax advisors out there giving this very advice! Then of course there’s the other extreme side, with people taking deductions they’re not even sure are […]
Minnesota State Tax Law for Individuals – What You Need to Know
Wondering what you might be missing out on with your MN tax refund? Here we hope to share some info that will save you some money this year! Income Tax Minnesota income tax ranges from 5.35-9.85%, some of the highest in the country. Below is a breakdown for people filing as “single” for the 2016 […]
Tax Law Updates for Individuals and Businesses
Filing season for our 2016 taxes opened January 23, 2017, and because of a holiday, the deadline for filing is April 18th this year. As we await our last W2s and 1099s, hopefully some of us are expecting a return! What new tax laws are in store for our 2016 tax filing? What tax law […]
Record Keeping How-To for Individuals
How many shoe boxes full of receipts do you have? How many year’s worth are up in that closet, or would you rather not think about it? The question for many people about record retention, for themselves or for the family, is how long do I possibly need to save all that stuff? One year? […]
Senior Tax Credit for the Elderly or Disabled
We’d all like less taxes to pay, so we try to take advantage of all the deductions and credits that we can. But our lives change, and the tax code changes, and it’s sometimes difficult to determine if we’re really on top of our tax-game. This post will focus on the tax credit for the […]
