Phoenix Accounting | ACA Exemptions When filing a tax return this, many tax payers are left scrambling trying to figure a way out of paying the shared responsibility payment for not maintaining minimum essential coverage throughout 2014. The Affordable Care Act...
Phoenix Tax Prep | Self Employed Many individuals who have a trade or business would classify themselves as self-employed. Sole-proprietors and independent contractors are two of the more common examples of self-employment. Being self-employed can have a big impact on...
Phoenix CPA | Taxable or not? Did you know that all income is taxable unless there is a specific law that excludes it? Here are some basic rules regarding different types of income and their taxability. Taxed income – Taxable types of this income include money...
Phoenix Payroll | Net Investment Tax Do you receive a portion of your income from what the government terms “investments?” Well, you may be subject to the Net Investment Income Tax. This tax was enacted as a way to help pay for the affordable care act. You...
Phoenix Taxes | Social Security So you’ve finally reached that golden age of retirement and you’ve started to receive your social security benefits. Did you know you may have to pay federal income tax on part of those benefits? Here are some tips to help...
Mesa Tax Prep | Child Tax Credit Children are expensive. Luckily, for most tax payers, the government helps out with that cost a little bit via the child tax credit. The child tax credit can save a ton of money come tax time. Here are a few things you should know...
Scottsdale CPA | Direct Deposit Are you tired of waiting four to six weeks, sometimes longer, to get your federal or state income tax refund? The fastest way to get your refund is with direct deposit. Direct deposit refunds are typically in your checking account...
Glendale Tax Prep | Need Transcripts? Have you ever applied for a mortgage and needed a copy of your tax return but your copy is nowhere to be found? There are many reasons you might need a copy of a previous year’s tax return and luckily the IRS can help....
Glendale CPA | IRS Directory The Internal Revenue Service recently launched a brand new, public directory of individuals that are qualified to help individuals with income tax preparation. Individuals can use this new tool to help them select a tax return preparer...
Phoenix Accounting | Missing W-2? For most tax payers, they will receive their W-2 from their employers by the end of January. The form W-2, Wage and Tax Statement, shows your total earnings for the year and the taxes that were withheld throughout the year. There can...
