Solutions to Make Better Decisions with Your Taxes and Money

Archives for April 2016

5 Things You Should Know About Crowdfunding and Taxes

Crowdfunding platforms, such as Kickstarter, open a whole new world in business financing, but can end up being a confusing world for tax purposes. The proceeds aren’t like sales in the traditional sense, and the people who contribute are not stockholders. So, how should you handle income from a crowdfunding project? It’s important to report […]

Energy Efficient Home Improvement Tax Credits

Remembering to turn off the lights on Earth Day may help bring attention to energy usage and our commitments to being responsible consumers, but that’s not where it ends. If you want to make a permanent difference in how much energy you use on a daily basis, it’s time to take a serious look at […]

7 Things to Know When Filing an Amended Tax Return

From time to time, we all need a “do over” – even when it comes to our tax returns. Fortunately, if you’ve made a mistake on your original return or missed claiming a deduction or credit, the IRS has a solution. It’s called Form 1040X, Amended U.S. Individual Income Tax Return.

7 FAQs about Tax Extensions

For many of us, there just doesn’t seem to be a convenient time to gather all of our tax documents and sit down to prepare a return. And, before we know it, the tax filing deadline is upon us. That’s when filing Form 4868, Automatic Extension of Time to File U.S. Individual Tax Return, may […]

What Happens If I Don’t File My Taxes?

It’s easy to put off filing your taxes. Life is jam packed with places to be and things to do. Finding time to organize your tax information and complete your return may seem hard. If you’re like many people, it’s not terribly hard to find reasons to procrastinate all kinds of things you need to […]

Tax Deductions for Non-business Bad Debts

Have you ever lost money to a loan you’ll never collect? If you answered yes, the good news is you’re not alone. Many of us have lent money to a friend or relative at some point. And while initially the intent may be have been good, there are times when things don’t go according to […]