Tax Lounge Blogs

The Internal Revenue Service has long reassured taxpayers that the vast majority of them have a slim chance of ever experiencing an audit during any given filing time, especially if their income is no...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
A recent news report serves as an example of the many potential deductions taxpayers may benefit from under the tax code, although it's always best to consult with a skilled professional before claimi...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
All parents know that the costs associated with children can be extremely expensive over time. Fortunately, the tax code offers parents a variety of ways to help minimize such expenses. A recent remin...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
This far into the filing season, workers should have all of their paperwork together as they prepare to make arrangements with their tax preparer. However, in the event that one has not received their...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
Even though a person has stopped working full time, it doesn't mean that they have fewer details to pay attention to at tax filing time. For example, those who are receiving Social Security benefits a...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
People who have home offices can often take advantage of a variety of deductions when filing season comes around. However, it makes sense to talk to a knowledgeable tax preparer since there may also b...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
People who are thinking about skipping out on their obligation to file a return this year may want to reconsider, especially when weighing the size of the returns they may be passing up. According to ...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
The economy has seriously damaged the personal finances of millions of Americans, and some of them may be reminded of that situation this filing season as they consult with their tax preparer on Inter...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
One common, but usually unfounded, concern that taxpayers share during any given filing season is the fear that they could end up facing an audit from the Internal Revenue Service. Fortunately, audits...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014
One common way for families to lower their tax burden at filing season is through deductions for children and other dependents. With that in mind, the Internal Revenue Service is offering some guidanc...
Posted To: Tax Lounge By: Tax Ranger on Thursday, December 04, 2014