Tax Preparation
Understanding and establishing ‘Material Participation’ for tax purposes
When it comes to your income taxes, U.S. tax law makes a distinction between different types of income — including income from passive investments and…
Special rules for deducting moving expenses
There are many costs associated with moving and they can really add up fast. Fortunately, if you are moving because of a new job, or…
Does it need to be said? Save your receipts for tax time
You may get a bigger tax deduction by using a tax table, but you'll never know unless you save your receipts and compare.NEW YORK (MainStreet)…
Tax deduction for moving expenses
Moving to a new home involves a lot of planning and work, and it can be costly as well. If you are moving because you…
Tax Tip: What your tax preparer needs from you
So you have chosen a tax professional to prepare your tax return. What information should you give them?NEW YORK (MainStreet) — So you have chosen…
Is It Worth It To Itemize Your Taxes
While the U.S. tax code is rife with loopholes, few people take advantage of them. Only about a third of taxpayers itemize their deductions, according…
Five mistakes to avoid when hiring a tax preparer
Among other things, beware the preparer who promises you'll get money back.NEW YORK (MainStreet) — Here are some mistakes to avoid when looking for a…
Get ready to prepare your 1040
In the next few weeks you'll be getting the information you will need to prepare your Form 1040. Be careful.NEW YORK (MainStreet) — In the…
