Tag Archives: taxes

Four Things You Should Know if You Barter

Posted on March 8, 2013 by Kevin Murray, MSAT, EA, CLU, ChFC

Small businesses sometimes barter to get products or services they need. Bartering is the trading of one product or service for another. Usually there is no exchange of cash. An example of bartering is a plumber doing repair work for … Continue reading →

Posted in All Taxpayers, Ever wonder, IRS Tips | Tagged , | Leave a comment

Take Credit for Your Retirement

Posted on March 6, 2013 by Kevin Murray, MSAT, EA, CLU, ChFC

Saving for your retirement can make you eligible for a tax credit worth up to $2,000. If you contribute to an employer-sponsored retirement plan, such as a 401(k) or to an IRA, you may be eligible for the Saver’s Credit. … Continue reading →

Posted in All Taxpayers, Ever wonder, Have you ever asked, IRS Tips, Retirement Planning | Tagged , , | Leave a comment

Seven Important Tax Facts about Medical and Dental Expenses

Posted on March 4, 2013 by Kevin Murray, MSAT, EA, CLU, ChFC

If you paid for medical or dental expenses in 2012, you may be able to get a tax deduction for costs not covered by insurance. The IRS wants you to know these seven facts about claiming the medical and dental … Continue reading →

Posted in All Taxpayers, Ever wonder, Have you ever asked, IRS Tips | Tagged , | Leave a comment

Social Security benefits and your taxes.

Posted on March 1, 2013 by Kevin Murray, MSAT, EA, CLU, ChFC

Some people must pay taxes on their Social Security benefits. If you get Social Security, you should receive a Form SSA-1099, Social Security Benefit Statement, by early February. The form shows the amount of benefits you received in 2012. Here … Continue reading →

Posted in All Service Providers, All Taxpayers, Ever wonder, Have you ever asked, IRS Tips | Tagged , | Leave a comment

And you thought being a parent was a non-paying job?

Posted on February 11, 2013 by Kevin Murray, MSAT, EA, CLU, ChFC

Your children may help you qualify for valuable tax benefits, such as certain credits and deductions. If you are a parent, here are eight benefits you shouldn’t miss when filing taxes this year. 1. Dependents. In most cases, you can … Continue reading →

Posted in All Taxpayers, Ever wonder, IRS Tips | Tagged , , | Leave a comment

Halloween candy tax deductible?

Posted on October 31, 2012 by Kevin Murray, MSAT, EA, CLU, ChFC

The Basics If you purchase and pass out Halloween candy as an individual, you cannot deduct it on your business tax return. Likewise, expenses related to Halloween parties do not qualify for deductions. If you own a business, however, you … Continue reading →

Posted in All Taxpayers | Tagged , | Leave a comment

Five Important Tips on Gambling Income and Losses

Posted on August 30, 2012 by Kevin Murray, MSAT, EA, CLU, ChFC

Whether you roll the dice, bet on the ponies, play cards or enjoy slot machines, you should know that as a casual gambler, your gambling winnings are fully taxable and must be reported on your income tax return. You can … Continue reading →

Posted in All Service Providers, All Taxpayers, Ever wonder, Have you ever asked, IRS Tips | Tagged , | Leave a comment