http://www.asktaxguys.com making taxes less taxing Mon, 07 Dec 2009 13:32:03 +0000 http://backend.userland.com/rss092 en If you lusted after the $8,000 First Time Home Buyers Tax Credit, but was unable to take advantage - take heart! Effective November 6, 2009 not only has the First Time Home Buyers Tax Credit been extended and income requirements increased, but it has also been expanded to include other ... http://www.asktaxguys.com/156 When I first started in business, and still worked for “the man,” I learned that record keeping is sexy. Yea, I know…it doesn’t sound sexy. Truth is, something as simple as a mileage log translates directly into saved money and saved time. Good records save you money because they make deductions possible ... http://www.asktaxguys.com/152 The first two installments of this series defined deductions and credits, and looked at non-refundable tax credits. And with what we’ve covered so far, it’s easy to see how thoughtful planning, self-improvement and a good accountant can reduce – or even eliminate – your tax bill. Today, let’s take a closer ... http://www.asktaxguys.com/149 In our last article, we looked at the difference between credits and deductions and showed why credits are better. We also promised to tell you about nonrefundable tax credits. These credits are useful, but they’re not the best. Stick around for our last article in this series on refundable tax credits that show you how to ... http://www.asktaxguys.com/144 Everyone wants to get money back at tax time – even me, and I’m a tax guy. Part of the problem – a hurdle to get over – is getting a handle on how taxes work. We’re going to start getting over that hurdle in this three part article ... http://www.asktaxguys.com/141 It was the worst of times, and it was the WORST of times… When she came into the office, Sally didn’t have a clue of what she owed in taxes for 2008. For 2007, she still owed almost $3,000 on net income of $20,000. Last year (2008) she had net income ... http://www.asktaxguys.com/109 Tax season got to me so badly, I had to leave the office on Thursday. Not uncommon for accountants... As I head back to the office, I'm wondering: "Did you file your return on time? Did you file an extension? Only worry if you owe them. Even if you don't have the ... http://www.asktaxguys.com/87 Learn How to Pay Less Taxes in 3 Easy Steps Every year, taxpayers ask that burning questions: "How can I pay less tax and get the biggest refund ever?" As they stare that almighty tax form right in its black and white face and try to figure out where they can reduce ... http://www.asktaxguys.com/66 Income tax time can be very scary. Fortunately, you can eliminate the fear and maximize your refund with a few simple strategies. Strategies for you Now Whether you're filing as an individual or a small business, it's important to take advantage of these strategies. Speak with a tax pro to ... http://www.asktaxguys.com/62 January 2009 is the time to make sure you keep money from 2008 in your own pocket. Now is the time to make plans to plan to avoid paying "Uncle Sam" and get your biggest refund ever. 1. If you have a business, do the following: √ ... http://www.asktaxguys.com/79