Are You Leaving Money on the Table at Tax Time? Dig out your files, envelopes or shoe boxes full of records and receipts – it’s time to get your tax information organized. Preparing your returns can be a daunting task, but it’s one that should never be taken lightly. This month we have helpful information [...]
Continue reading...Tuesday, February 1, 2011
Time to review your protection components By Guest Author Al Schiebel I was talking with my friend Brian Bliss with Liberty Mortgage in Atlanta regarding the insurance protection for my property and I stopped and thought that I had not done a thorough review of my protection components for my income, life and property. Property [...]
Continue reading...Tuesday, July 27, 2010
Georgia recently passed “The Property Tax Assessment and Appeals Reform Bill” (Senate Bill 346) on June 7, 2010. Highlights include: 1. Every property owner will receive an Annual Notice of Assessment and the right to appeal; 2. Every Notice of Assessment must contain the estimated property tax (in dollars); 3. Appeal period has been extended [...]
Continue reading...Friday, July 2, 2010
After a close brush with the deadline, Congress has passed an extension of the Homebuyer Tax Credit closing deadline, the Homebuyer Assistance and Improvement Act (H.R. 5623). The extension applies only to transactions that have ratified contracts in place as of April 30, 2010 that have not yet closed. The legislation is designed to create [...]
Continue reading...Tuesday, April 13, 2010
Extension plans, installment agreements, friends and family can help Taxpayers unable to pay their tax bills in this turbulent economy should file returns or extensions by April 15 to avoid costly penalties and interest, H&R Block advises. “The monthly penalty for not filing a tax return is 5 percent, while the penalty for not paying [...]
Continue reading...Thursday, April 8, 2010
Job expenses, medical expenses among commonly missed tax breaks Frequently overlooked tax deductions cost taxpayers a chance to reduce their taxable income and may result in overpayment to the IRS by hundreds or thousands of dollars. Especially in this rough economy, individuals should be careful not to miss these 10 frequently overlooked tax deductions: 1. [...]
Continue reading...Tuesday, March 23, 2010
Taxpayers Can Call 1-866-HRBLOCK for Free Tax Advice on March 25 With nearly 300 tax law changes in effect this tax season, it is no surprise that taxpayers have many questions. A recent survey from The Tax Institute at H&R Block revealed that nearly 72 percent of individuals are confused about how these new changes [...]
Continue reading...Monday, March 22, 2010
Sandwich generation feeling the squeeze of supporting elderly parents, boomerang kids More than 40 percent of baby boomers who have a living parent are helping with their care.* Whether health or financial problems, or literally “giving back,” millions of adults are assisting their parents with monetary support. Many also are raising children or supporting their [...]
Continue reading...Tuesday, February 23, 2010
Free 1040EZ tax returns in Atlanta area Taxes can be confusing, with all the different 1040s, forms and schedules. A little understanding of what these forms are can ease the anxiety and stress that many taxpayers’ experience when preparing their returns. And now H&R Block is offering to ease that stress with a FREE 1040EZ [...]
Continue reading...Tuesday, February 9, 2010
Survey shows 73 percent don’t know unemployment benefits are taxable The national unemployment rate for 2009 hit 9.2 percent (Georgia’s seasonally adjusted unemployment rate rose to 10.3 percent in December), but taxpayers are still confused about whether unemployment benefits are taxable and job search costs are deductible, according to a new survey by H&R Block. [...]
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Friday, March 18, 2011
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