Income Tax Return Preparation Services

Filing Your Taxes Early Can Help Protect Against Fraud. What To Prepare Now <img width=”740″ height=”416″ src=”https://tax-turbo.com/wp-content/uploads/2022/01/106617562-1594830305790gettyimages-1197483793.jpeg&#8221; alt=”” loading=”lazy” srcset=”https://i0.wp.com/tax-turbo.com/wp-content/uploads/2022/01/106617562-1594830305790gettyimages-1197483793.jpeg?w=740&ssl=1 740w, https://i0.wp.com/tax-turbo.com/wp-content/uploads/2022/01/106617562-1594830305790gettyimages-1197483793.jpeg?resize=300%2C169&ssl=1 300w, https://i0.wp.com/tax-turbo.com/wp-content/uploads/2022/01/106617562-1594830305790gettyimages-1197483793.jpeg?resize=600%2C337&ssl=1 600w” sizes=”(max-width: 740px) 100vw, 740px” /> The start of a new year means resolutions and a fresh start. It also means a new tax season. While many Americans may not want […]

Beginning on January 1, 2022, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: https://tax-turbo.com/ 58.5 cents per mile driven for business use, up 2.5 cents from the rate for 2021, 18 cents per mile driven for medical, or moving purposes for qualified active-duty members of

An Education Credit Helps With The Cost Of Higher Education By Reducing The Amount Of Tax Owed On Your Tax Return <h2><strong>An education credit helps with the cost of higher education by reducing the amount of tax owed on your tax return. If the credit reduces your tax to less than zero, you may get

Tax-Loss Harvesting <h2><strong>Tax-Loss Harvesting</strong></h2>What Is Tax-Loss Harvesting? Tax-loss harvesting is the selling of securities at a loss to offset a capital gains tax liability. This strategy is typically employed to limit the recognition of short-term capital gains. Short-term capital gains are generally taxed at a higher federal income tax rate than long-term capital gains. However, the method may also

Do You Own An Electric Vehicle? <h2><strong>Do You Own An Electric Vehicle?</strong><br /><a href=”https://tax-turbo.com/”>https://tax-turbo.com/</a><br />You may be eligible for a credit under Section 30D(a), if you purchased a car or truck with at least four wheels and a gross vehicle weight of less than 14,000 pounds that draws energy from a battery with at least

The Taxpayer Bill Of Rights: Protection For All Taxpayers <h2><strong>The Taxpayer Bill Of Rights: Protection For All Taxpayers</strong></h2>  Two key elements of the IRS mission are to treat taxpayers with dignity and respect, and to provide them a positive customer experience. The Taxpayer Bill of Rights outlines the ten specific rights all taxpayers have any time they

Farmers And Ranchers Affected By Drought Have Additional Time To Replace Livestock <h1><strong>Farmers And Ranchers Affected By Drought Have Additional Time To Replace Livestock</strong></h1>  Farmers and ranchers who were forced to sell livestock due to drought may get extra time to replace the livestock and defer tax on any gains from the forced sales. Here

Small Business Advertising And Marketing Costs May Be Tax Deductible <h1><strong>Small Business Advertising And Marketing Costs May Be Tax Deductible</strong></h1>  The tax law allows businesses to deduct expenses that help them bring in new customers and keep existing ones. These costs may include expenses for advertising and marketing. Here are some details about this valuable

The Tax Responsibilities That Come With Shutting Down A Business <h1><strong>The Tax Responsibilities That Come With Shutting Down A Business</strong></h1>  There are many reasons a business owner may choose to close their doors, and there are many things that must be done to go out of business. Two important steps all business owners must take

IRS Issues Alert On Improper Corporate Domestic Production Activities Deduction Refund Claims <h1><strong>IRS Issues Alert On Improper Corporate Domestic Production Activities Deduction Refund Claims</strong></h1>  WASHINGTON — IRS officials issued an alert today concerning amended returns and claims for the Domestic Production Activities Deduction (DPAD). This provision of tax law was repealed as part of the