Philip Taylor

4 Myths About IRS Audits

June 9, 2018June 9, 2018 / Philip Taylor

There’s plenty of misinformation circling around out there about IRS audits. It’s time to clear the air and get the facts. Research and hard facts tell us everything we need to know – less than about 1% of the tax-paying...

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How Going Green Saves You Green on Your Taxes

May 1, 2018May 2, 2018 / Philip Taylor

We all know that turning off the lights when you leave a room can add up to big savings on your electric bill. Keeping a moderate finger on the thermostat during the summer and winter months can make a large...

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Tax Planning

Goodbye Tax Season! But Wait, What Records Should I Keep?

April 19, 2018May 31, 2018 / Philip Taylor

The tax deadline has come and gone – time to breathe a sigh of relief! But before you throw all of your tax documents up in the air to celebrate the occasion, we need to discuss just how long you...

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Tax Planning

5 Things You Need to Know About Filing a Tax Extension

April 18, 2018April 18, 2018 / Philip Taylor

Many people believe that a tax extension is somewhat of a cure-all. Don’t have the money to pay taxes? File an extension. Still trying to get everything in order? File an extension. However, the tax extension isn’t exactly what it...

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Family

Can You Claim a Parent as a Dependent?

February 28, 2018February 28, 2018 / Philip Taylor

The article below is accurate for your 2017 taxes, the one that you file this year by the April 2018 deadline. Tax information below will change next year for your 2018 taxes since the personal and dependent exemption has been...

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Tax Deductions and Credits

Extension Filers: Most Missed Tax Deductions

October 2, 2017October 2, 2017 / Philip Taylor

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For a variety of reasons, many Americans need to file an extension each year. But many still misunderstand what a tax extension really means. Yes, it’s true when you file a tax extension you get an additional 6 months to...

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Celebrate Fall with 2 Big Ways to Save in the Cooler Months

September 20, 2017September 20, 2017 / Philip Taylor

What better way to celebrate Fall than by saving some money? (Well, maybe jumping in a pile of leaves is just as great.) Now with the temperature beginning to drop, it’s time to start looking around the house for ways...

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Tax Planning

How Do I Know if I Should Amend My Tax Return?

April 6, 2017April 6, 2017 / Philip Taylor

Home Business: Businesswoman at Her Laptop

Have you ever began clearing the clutter after you filed your taxes and found a 1099 or W-2 for that side job you did for a short time. Or maybe you received a K-1 after the tax deadline which is...

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Tax Planning

It’s Pi Day! Have Your Pi and Eat it Too with These Money Saving Tax Tips

March 14, 2017March 14, 2017 / Philip Taylor

Geeks, nerds, and math lovers unite – it’s time to celebrate Pi Day! In honor of all things 3.14159, March 14 is the day to embrace both your sweet tooth and your inner arithmetic aficionado. Pi is a mathematical constant. You...

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Income and Investments

How are Unemployment Benefits Taxed?

March 9, 2017March 9, 2017 / Philip Taylor

Being out of work and filing for unemployment benefits tends to be low on the list of fun and interesting topics to talk about with your friends. It’s no surprise that accurate information about the taxation of unemployment benefits is...

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