» Tax Preparation

Can I Deduct Home Office Expenses? 

For over two years now, many more people have been working from home than prior to the pandemic. And while some places of business have opened back up, there are still many people who are working remotely. Some are self-employed, some are independent… Read More

Should I Have a Tax Professional Review My Tax Return?

In a little under a month, most of us will have filed our 2021 state and federal income tax returns. Perhaps you are the kind of person who likes to prepare and file your taxes to get it over with (and maybe get a refund sooner). Or maybe, like many… Read More

Tax Deadlines for Filing 2021 Taxes in 2022

Everyone “knows” tax day is April 15 (and this year, as you’ll see below, it’s not). But the truth is, that’s not the only tax deadline that’s important to circle on the calendar when you’re thinking about your taxes. And if you’re no… Read More

What Do I Need to Bring to My Tax Appointment?

For many adults, sitting down to file taxes brings back all the anxiety of taking a middle-school algebra exam, but with much higher stakes. The good news is that someone can help you with this test: your tax preparer. Even better, you can, and shoul… Read More

When Should Your Business Hire an Accountant?

The amount of time you want and need to personally invest in your business’s accounting will be the driving force behind when you should hire an accountant. Depending on the stage of your business’s developmental plan, there are several times whe… Read More

Filing Your Taxes: Is It Better to File Jointly or Separately?

For most married couples, you have two options on how to file your taxes: jointly or separately. For a few married people, filing as head of household can be the best option. If you file your taxes jointly, you report all your income and deductions o… Read More

What You Should Know about the IRS’ Mailbox Rule

Have you ever driven by a post office in the middle of April and wondered why there were so many people waiting in the checkout line? Chances are it was Tax Day! Some US Post Offices even stay open later to allow taxpayers additional time to get thei… Read More

Understanding Tax Form 1099 and the new 1099-NEC

Starting with the 2020 tax year, the IRS has reintroduced tax Form 1099-NEC. The IRS made these changes to bring clarity to deadlines for reporting self-employment income. In the past, 1099-MISC has been used. This means starting this year, businesse… Read More

W-2 Deadline Passed and still no W-2? [What should you do?]

Employers must give their employees a Form W-2, Wage and Tax Statement, if the employee worked anytime during the prior year. The W-2 is the form that shows the amount of income you received in the prior year and how much of your income was withheld… Read More

How to Determine the Cost Basis of Gifted Stock

Determining the cost basis of gifted stock or other needed information for tax purposes can be confusing. Oftentimes, a well-meaning family member, like grandma, will buy stock for a loved one when they are a small child and give it to them when they… Read More