Category Archives: All Taxpayers
The Purpose of Your Accountant
Many people are confused about the purpose of accountants given tax software and so on. To get the biggest benefit for the fees you pay, you need to understand what your accountant can do. The Purpose of Your Accountant An … Continue reading
Posted in All Taxpayers, Uncategorized
Tagged accountant, strategies, strategy, Tax, tax return, taxes
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10 Years and Counting: Points to Consider as You Approach Retirement
If you’re a decade or so away from retirement, you’ve probably spent at least some time thinking about this major life change. How will you manage the transition? Will you travel, take up a new sport or hobby, or spend … Continue reading
Financial Advice for the Newly Divorced
If you find yourself amongst the recently divorced population, you may be feeling not just the loss of a partner, but also the absence of the second paycheck. Chances are pretty good that you have lived your life based on … Continue reading
Posted in All Taxpayers, Financial Planning, Personal finance
Tagged Divorce, Financial Planning
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Financial Advice for the Newly Married
Congratulations on finding the love of your life and pledging your commitment to each other! Now that the honeymoon has passed and you have begun to adjust to your new life together, it is time to set yourselves up for … Continue reading
Posted in All Taxpayers, Financial Planning, Personal finance
Tagged Financial Planning, Marriage
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3 Quick reasons to choose Murray Tax Services for your tax prep.
Many people pay to have their taxes prepared. You need to be careful when you pick a preparer to do your taxes. You are legally responsible for all the information on the tax return even if someone else prepares it. … Continue reading
Plan Now to Get Full Benefit of Saver’s Credit
Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2013 and the years ahead, according to the Internal Revenue Service. The saver’s credit helps offset part of the first $2,000 … Continue reading
Make the Most of Your Deductions
Article Highlights Bunching allows you to maximize your itemized deductions in one year and take the standard deduction in the next. The medical expense threshold for deductibility has been increased to 10% of AGI for individuals under the age 65. … Continue reading
Posted in All Service Providers, All Taxpayers, Tax Deductions
Tagged Tax Deductions
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Understanding Tax Terminology Article Highlights Filing status can be single, married filing jointly, married filing separately, head of household, or surviving spouse with dependent child. Adjusted gross income (AGI) is the sum of a taxpayer’s income minus specific subtractions called … Continue reading
Renting Your Home or Vacation Home
If you own a home in a vacation locale – whether it is your primary residence or a vacation home – and are considering renting it out to others, there are complicated tax rules referred to as the “vacation home … Continue reading
Posted in All Service Providers, All Taxpayers
Tagged 2nd home, Rental, vacation home
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“Flipping” Homes – A Reviving Trend in Real Estate
Prior to the recent economic downturn, flipping real estate was popular. With mortgage interest rates low and home prices at historical lows, flipping appears to be on the rise again. House flipping is, essentially, purchasing a house or property, improving … Continue reading
Posted in All Taxpayers, Have you ever asked, IRS Tips, Realtors, Selling house
Tagged flipping houses, Tax
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Murray Tax Services 