Monthly Archives: March 2011

Tax Tips for Self-Employed Individuals

If you are in business for yourself, or carry on a trade or business as a sole proprietor or an independent contractor, you generally would consider yourself self-employed, and you will need to include on your tax return your income

Posted in Client Education

Is the Income Taxable or Non-Taxable?

A question that comes up frequently is whether income you received is taxable or not. Generally, most income you will receive is considered taxable, but there are situations when certain types of income are partially taxed or not taxed at

Posted in Client Education

Coming Clean On Offshore Accounts

The Internal Revenue Service recently announced a special voluntary disclosure initiative designed to bring offshore money back into the U.S. tax system and help people with undisclosed income from hidden offshore accounts get current with their taxes. The new voluntary

Posted in Client Education

Name Changes Can Complicate Filing

If you changed your name as a result of a recent marriage or divorce, you should take the necessary steps to ensure the name on your tax return matches the name registered with the Social Security Administration (SSA). A mismatch

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Tips to Avoid a Tax Audit

An IRS tax audit can come in a number of forms.  The most demanding are the face-to-face audits, which require sitting down with an auditor and reconciling income and deductions.  Others are the less demanding correspondence audits where the IRS

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What To Do if You’re Missing a W-2

Have you received your W-2?  These documents are essential to filling out most individual tax returns.  You should receive a Form W-2, Wage and Tax Statement, from all of your employers each year.  Employers had until January 31st to provide

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Checking the Status of Your Federal Refund

If you have already filed your federal tax return and are due a refund, you can check the status of your refund online.

Posted in Client Education