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Being careful is import when completing your taxes and this year should make you a little bit nervous if you are preparing your taxes yourself. Even professionals are making a lot of mistakes according to the Government Accountability Office.In a study done in 2014, 10% of preparers did not calculate a normal tax return correctly. The final error rates for tax preparation according to the study w
If you determine that you spent over 10 percent of your adjusted gross income (If you are over 65, the amount is 7.5 percent) on medical expense in 2014, you can potentially claim these expenses as a tax deduction. If you are using TurboTax 2014 to file your taxes, the TurboTax software will help you to figure out your medical expenses as it can potentially be a significant amount.Deductible medi
The implementation of the Affordable Care Act continues to move forward. Failing to adjust withholding strategies and medical expenditures may result in added tax liability. What do the increased cost of healthcare and decreased deductions mean for you and your family? Here are some of the most significant changes to tax laws under the Affordable Care Act.Higher Taxes on Investment IncomeIf you d
What You Should Know About Tax Refund AdvancesIt can be tempting to ask for tax refund advances.  However, it is not necessarily the best approach.  There are some important reasons to avoid tax refund advances, and simply wait to receive your refund.First, tax refund advances cost money.  When you receive a refund from the IRS, you will receive the full amount you deserve.  This is not the case
What do you do when there is an invalid charged-off debt?It’s nothing new to hear or see a dispute between the tax payers and the IRS. Of course, there are quite a few reasons behind the disputes, but most commonly these disputes involve examination and/or collection issues and also the different interpretations of tax law. The IRS reporting a charged-off account on the credit report also proves
You Don’t Want To Hear From Either One Of ThemWhat does getting an email from the IRS and getting an email from your crazy ex-girlfriend have in common? They are both something that you don’t want to open. The best advice is, don’t. If you get one of the IRS emails, it is best to not open it, or even altogether ignore it. We all know that the IRS is anything but a friend of yours, so
If you have a claim against you by the IRS then the first thing you should do is find a competent tax attorney to handle your case. If you are seeking an Arizona tax attorney or a Phoenix tax attorney these are the things you should look out for when making your choice.Ensure that the person you choose has demonstrable experience of dealing with IRS matters; if possible try to find someone who ha

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