by Tom Strohmeier | Aug 2, 2017 | Tax Tips
During the summer, some taxpayers may travel because of their involvement with a qualified charity. These traveling taxpayers may be able to lower their taxes. Here are some tax tips for taxpayers to use when deducting charity-related travel expenses: Qualified...
by Tom Strohmeier | Apr 14, 2017 | Tax Tips
Taxpayers who give money or property to others may wonder about the federal gift tax and if it applies. Most gifts are not subject to the gift tax. Here are seven tax tips about the gift tax and giving: Nontaxable Gifts. The general rule is that any gift is...
by Tom Strohmeier | Apr 10, 2017 | Tax Tips
Taxpayers usually will have taxes withheld from their pay if they are an employee. However, if a person doesn’t have taxes withheld, or they don’t have enough tax withheld, they may need to make estimated tax payments. Taxpayers that are self-employed normally have to...
by Tom Strohmeier | Mar 20, 2017 | Tax Tips
Higher education costs paid in 2016 can mean tax savings when taxpayers file their tax returns. If taxpayers, their spouses or their dependents took post-high school coursework last year, they may be eligible for a tax credit or deduction. Here are some facts from the...
by Tom Strohmeier | Feb 27, 2017 | Tax Tips
As it does every year during filing season, the IRS released its annual list of the top 12 Dirty Dozen tax scams, updated for the 2017 filing season. Anyone following the news this year and last will not be surprised that the No. 1 scam was phishing, which has...
