by Jason Makris | Jun 10, 2015 | Income Taxes, Individual, Tax Planning |
April 15th was the tax day deadline for most income tax payers. If you are due a refund, there is no penalty associated with filing a late income tax return. But if you have a balance due and you failed to file and pay by April 15th, you will usually owe interest and...
by Jason Makris | Jun 9, 2015 | Income Taxes, Individual, Tax Planning |
Glendale CPA | Child’s Income Special income tax rules may apply to some children who receive investment income. The rules may affect the amount of income tax and how to report the income. Here are some things to keep in mind when dealing with children who have...
by Jason Makris | Jun 8, 2015 | Income Taxes, Individual, Tax Planning |
Phoenix CPA | Casualty Losses Do you live in an area that could suffer from a natural disaster like an earthquake, tornado or hurricane? If you suffer damage to your home or personal property, you may be able to deduct the losses you incur on your federal income tax...
by Jason Makris | May 23, 2015 | Uncategorized |
Glendale Taxes | Missed Deadline? April 15th has already come and gone and you didn’t get your taxes filed yet, now what? You need to take action now. Here are some tips for tax payers who missed the filing deadline. File as soon as you can. If you owe...
by Jason Makris | May 22, 2015 | Income Taxes, Individual |
Phoenix Taxes | Home Office If you use part of your home exclusively for business, you may be entitled to a tax deduction for the expenses related to business use of your home. If you qualify, you can claim the deduction for expenses regardless of if you rent your...
by Jason Makris | May 13, 2015 | Uncategorized |
Scottsdale CPA | Foreign Income US citizens or residents who work abroad and receive income from a foreign source have some different tax rules they need to be aware of. Here a few tips regarding foreign earned income that all taxpayers should be aware of. By law, US...
by Jason Makris | May 11, 2015 | Income Taxes, Individual, Tax Planning |
Glendale CPA | Employee Expenses Employees paying for work related expenses out of their own pocket may be entitled to deduct those costs on their Schedule A, Itemized Deductions. Here are a few tax tips about this deduction. The expenses must be considered ordinary...
by Jason Makris | May 5, 2015 | farms, Income Taxes, Individual, Small Businesses, Tax Planning |
Phoenix CPA | Farmer Tax Tips Farms include ranches, ranges and orchards. Some farms raise livestock, poultry or fish. Individuals report the revenues and expenses from their farm activities on Schedule F, Profit or Loss from Farming. If you own and operate a farm,...
by Jason Makris | Apr 29, 2015 | Income Taxes, Individual, Small Businesses, Tax Planning |
Phoenix Accountant | Tax Mistakes Nobody is perfect and mistakes inevitably will happen. If you happen to make a mistake on your income tax return, it likely will take the IRS longer to process your return. This could delay your tax refund or lead to a letter from the...
by Jason Makris | Apr 27, 2015 | Income Taxes, Individual, Tax Planning |
Phoenix Taxes | Charity Donations When you donate money to a charity that will help the lives of those in need, that donation may help you when it comes to your tax return. You might be able to claim the contribution as a deductible charitable contribution that may...
