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Mar 19, 2013Can I Claim My Boyfriend as a Dependent?
You may be able to claim your boyfriend as a qualifying relative, but only if he meets certain requirements. The answer to the question of whether or not you can claim your boyfriend as a dependent is maybe, but probably not. The first thing to get straight is that there are actually two different types […]
adminMar 15, 2013How Long Does It Take for the New York State E-File to Process?
New York State says to expect your refund in 14-30 days, but many are experiencing delays Once you’ve filed your federal and state returns, you begin the dreaded waiting game. The states tend to be a little slower than the IRS. So even after you get your federal refund, you could still be worrying about […]
adminMar 12, 2013Estate Tax 2014
The Estate Tax is a tax on your right to transfer property at your death. Despite the dysfunction and last minute deals surrounding the fiscal cliff, Congress actually came up with a pretty good solution, at least for the Estate Tax, in the American Taxpayer Relief Act passed in the early hours of 2013. The […]
adminMar 8, 2013Calculating Alternative Minimum Tax
You got a raise and now you have to calculate AMT on top of your regular tax! As if the tax code weren’t complicated enough, many taxpayers have to worry about calculating the Alternative Minimum Tax (AMT) on top of their regular tax liability. What is the Alternative Minimum Tax? The AMT is a separate […]
adminMar 4, 2013What If You Live in a State That Has No Income Tax and Work in a State That Does?
Are you taxed where you work or where you live? Most people live and work in the same state, so filing state taxes is a no-brainer. But when you live and work in different states, taxes can get really confusing really fast, especially if your home state doesn’t have an income tax. So where exactly […]
adminFeb 28, 20132010 Earned Income Tax Credit
Forgot to file 2010 taxes? You can still file and get a refund with the Earned Income Credit The Earned Income Tax Credit (EITC) is one of the most valuable tax credits out there, but many eligible taxpayers don’t take advantage of it. Even if the tax filing deadline has already come and gone you […]
adminFeb 27, 2013New York State Child and Dependent Care Tax Credit
Claim a valuable New York State credit in addition to the federal one New Yorkers will be happy to learn that they can get a valuable credit on their state taxes for money they spent to take care of their kids and other dependents. You can claim New York’s child and dependent care tax credit […]
adminFeb 13, 2013Who Must File a 1099?
Payers must file 1099s with the IRS and their payees must report this information on their tax returns There are different types of 1099s for different kinds of payments. The most common is a 1099-MISC. It’s used to report miscellaneous income. 1099-MISCs are only used to report payments made in the course of trade or business, […]
adminFeb 7, 2013What Credits and Deductions Am I Missing on My 2011 Tax Return?
You can still get a refund from 2011 with the help of these credits and deductions With the 2013 tax season in full swing, everyone’s worried about 2012 taxes. But don’t forget about 2011 taxes, especially if you forgot about them last year! Did you know you could still get a refund from 2011? That’s […]
adminFeb 6, 2013How Do I File a Tax Extension?
If you can’t file your return by the April deadline, request an extension! That will give you an extra six months to file. Did the month of April sneak up on you? Is the time until tax day already loaded with obligations? Is that pile of receipts on your desk beginning to look more and […]
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