Tax Strategist: Schedule Cs in the IRS’ Bull’s-eye
Schedule C returns have a 300% higher chance of being audited than a partnership or an S-Corporation. Learn more in this Tax Strategist.
In the News: To File, or Not to File—That Is the Question
Filing an extension doesn’t put you on an audit list. But, mismatched cost basis reporting could garner IRS scrutiny. We explain in today’s Marietta Daily Journal.
Tax Filing Deadline Rapidly Approaching
April 17, 2012 Deadline: 2011 taxes due, last day for 2011 contributions to an IRA & last chance to claim 2008 refund. Learn more in this week’s Tax Tip.
Eight Tips to Determine if Your Gift is Taxable
If you gave money or property to someone as a gift, you may owe federal gift tax. The IRS has eight tips to help determine if your gift is taxable.
Alimony: Tax Planning
Tax expert Emily Cowan, C.P.A. joins “Money Talks” to discuss the tax ramifications of alimony payments
In the News: Self-Employment or a Hobby?
If your part-time business is truly a hobby and not a business, don’t try and sell it to the IRS as a business. We explain in today’s Marietta Daily Journal.
Using Direct Deposit is a Smarter Option for your Refund
Direct deposit of your federal tax refund offers many benefits. Learn why it is safe, secure and what options you have in this week’s Tax Tip.
Tax Tips for the Self-Employed
Marian Macleod-Elliott, CPA, joins “Money Talks” to discuss tax tips for the self-employed.
In the News: Letters from IRS are Legitimate
Both the IRS and the Georgia Department of Revenue are taking measures to confirm your identity. Bil Lako, CFP explains in today’s Marietta Daily Journal.
Those Gold Sales May Be Taxable
If you sold your gold you’ll have to report your gains on your tax return. Careful! Some gold is considered a collectible. Learn more in this week’s Tax Tip.