Rod's Blog

How to Lower the Taxes You Owe Before the End of the Year

Posted by Cailey Taylor on Dec 9, 2018 10:00:00 AM

The end of the year is usually the busiest time for taxpayers. You’re usually trying to get everything wrapped up and finished before the new year begins. One thing you should put on your list for the end of the year is to start calculating your taxes and if you will owe taxes when you file. If you find out you are going to owe taxes, there are some steps you can take to lower your tax liability. Tax planning is an important part of keeping your financials in line and can help you stay on track and make filing your tax return easier.

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Tags: Taxes, IRS Tax Lien, Tax Lien, Tax Levy, Sales Tax, Tax Court, Identity Theft, Tax Cuts and Jobs Act, tax extension, Audit, Tax Deductions, Tax Return, audit help, levy, Tax Help, Tax Law, CDP, Tax Scams, Liens, Wedding, Tax

How to Know Whether to File Married Filing Joint or Married Filing Separately

Posted by Cailey Taylor on Oct 24, 2018 9:00:00 AM

With the personal deadline passing I find a majority of people have questions on why their filing status matters. We have found that Married Filing Separately (MFS) is one of the most misunderstood filing statuses. There are many legal and personal reasons why you might choose to file separately. However, the IRS prefers you to file Married Filing Joint (MFJ) and shows preference to this by allowing certain credits only when MFJ. These include the Earned Income Credit, education credits (AOC and LLC), full child credit, dependent care credit, and the adoption credit (on the year adoption took place). They also allow MFS to amend to MFJ within the allowed amendment period. But if you filed MFJ and afterwards decided to amend to MFS, if it is past the April deadline it is not allowed.

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Tags: Wedding, Tax Cuts and Jobs Act, Tax Law, Tax Help, tax extension, Tax Deductions, Tax Return, Tax

Tax Tips For Newlyweds

Posted by Cailey Taylor on Jul 8, 2018 12:25:00 PM

It’s that time of the year when everyone seems to be tying the knot and probably the last thing on the mind of a newlywed is their taxes. If you plan on getting married this year, here are some tax tips to help you have a long prosperous marriage and hopefully avoid some tax trouble.

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Tags: Tax Court, Identity Theft, Tax Help, Tax Law, Tax Deductions, Tax Return, Tax, Wedding

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