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7 Important Tax Facts about Medical and Dental Expenses

7 Important Tax Facts about Medical and Dental Expenses

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 7 Important Tax Facts about Medical and Dental Expenses Before you file your taxes for 2016 (but not before you’ve had your coffee) there are a few things you should know.  If you paid for medical or dental expenses in 2016, you may be able to get a tax deduction for costs not covered by insurance. The IRS wants you to know these facts about...

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5 Important Tips on Gambling Income and Losses

5 Important Tips on Gambling Income and Losses

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Five Important Tips on Gambling Income and Losses   Whether you the roll dice, bet on the ponies, play cards, or enjoy slot machines, you should know your gambling winnings are fully taxable and must be reported on your income tax return. You can also deduct your gambling losses…but only up to the extent of your winnings. Here are five important tips about...

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5 Financial Actions to Take in 2017

5 Financial Actions to Take in 2017

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As the year kicks off, it’s time to get a move on the financial housekeeping you’ve been putting off.  You’ll want to update important paperwork, retirement accounts, and insurance coverage with any adjustments.  You should do these every year.  An Annual Financial To-Do List 1.   Wills and estates – don’t wait until you have a big...

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Personal and Business Tax Preparation

Personal and Business Tax Preparation

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Experienced personal and business tax preparation can make all the difference when it comes to filing your tax return. Here’s why: A tax program in a box cannot represent you in an audit Even small mistakes on business tax preparation are extremely costly A tax professional can offer insight on ways of saving in the future You don’t have to keep up with...

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