Tag Archives: All Service Providers
Do I have to file, what status do I file as…
I get this question all the time…..Your requirement to file a return usually depends on 3 things: Your filing status Your gross income Your age Filing Status There are 5 filing statuses: Single Married filing jointly Married filing separately Qualifying … Continue reading
Is your business getting paid on time?
Small businesses regularly fail. In fact, fewer than 50% are still operating within five years of opening their doors. Why is the failure rate so high? Often it’s because management hasn’t established and implemented a strong collection policy. Deadbeat customers … Continue reading
Thinking about donating your car? Its not always what you think!
Rather than go through the hassle of selling an old car, you may get a tax deduction for donating the vehicle to a charity. An increasing number of charities have turned to car-donation programs. You may have seen ads from … Continue reading
Are you thinking about starting a business??
In this economy many people are realizing the benefits of being your own boss. I can attest to the fact that owning your own business is awesome, no worries of getting laid off, the flexibility to get your work done … Continue reading
Posted in Business Deductions, Ever wonder, IRS Tips, Realtors, Record Keeping
Tagged All Service Providers, All Taxpayers, Day Care Providers, Employee, Ever wonder, federal tax return, form 1040 schedule c, internal revenue service, IRS, SBA.gov, Small business, Starting a Business
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Have you asked yourself…What if I file for bankruptcy protection?
In these tough economic times, more and more people are struggling to get by. Do you know how filing for bankruptcy relates to your taxes? Please give me a call before you file. We might be able to analyze your … Continue reading
Posted in All Service Providers, All Taxpayers, Bankruptcy, Daycare Providers, Ever wonder, Have you ever asked, IRS Tips, Realtors
Tagged All Service Providers, All Taxpayers, Bankruptcy, bankruptcy code, bankruptcy estate, bankruptcy tax, Daycare providers, Ever wonder, Have you ever asked, IRS Tips, Realtors, separate estate, tax debts
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Gifts to clients…..Not fully deductible????
As a Realtor you may find yourself giving gifts to clients and customers in the course of your business, particularly after a closing. What you may not know is that you can deduct only part of the cost of certain … Continue reading
Ten Tax Tips for Individuals Selling Their Home
The Internal Revenue Service has some important information to share with individuals who have sold or are about to sell their home. If you have a gain from the sale of your main home, you may qualify to exclude all … Continue reading
Posted in All Service Providers, All Taxpayers, IRS Tips, Realtors, Record Keeping, Selling house
Tagged All Service Providers, Capital Gains, capital gains and losses, Day Care Providers, form 1040 schedule d, income tax return, internal revenue service, IRS, publication 523, Realtors, Record Keeping, Recordkeeping, Selling house
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Keep Good Records Now to Reduce Tax-Time Stress
This is the number one thing you can do to limit your IRS Audit Risk. Email me with any questions, kevin.murray@murraytaxservices.com You may not be thinking about your tax return right now, but summer is a great time to start planning … Continue reading
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