Prev Next  

Advertisement

10 Surprising Tax Preparation Tips

Lots More Information

UP NEXT

How the IRS Works

How the IRS Works

The IRS or Internal Revenue Service handles taxes. Learn about the history of the IRS and how it enforces taxes.


Author's Note: 10 Surprising Tax Preparation Tips

As a small business owner who works from home, I was most surprised -- in a good way -- by the simplification of the home office tax deduction. For years I've struggled with how to figure out how much to deduct -- I'm a writer, not an accountant. That one change, though, makes me think I can maybe do my own taxes this year, with the help of an online program for guidance. If you're on the fence, take a look at new tax regulations and do a little bit of research up front. Maybe this is the year you can dive into the deep end of the tax pool on your own. I'll look for you there -- I'll be the one wearing the life preserver, just in case.

Related Articles

Sources

  • Bell, Kay. "10 Year-End Tax Moves to Make." Bankrate. 2013. (Oct. 14, 2014) http://www.bankrate.com/finance/taxes/10-year-end-tax-moves-to-make-1.aspx
  • HealthCare.gov. "Exemptions from the Fee for Not Having Health Coverage." (Nov. 12, 2014) https://www.healthcare.gov/fees-exemptions/exemptions-from-the-fee/
  • Internal Revenue Service (IRS). "Affordable Care Act Tax Provisions for Individuals and Families." June 3, 2014. (Oct. 13, 2014) http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions-for-Individuals-and-Families
  • Internal Revenue Service (IRS). "Deducting Medical and Dental Expenses." Feb. 26, 2014. (Oct. 14, 2014) http://www.irs.gov/uac/Newsroom/Deducting-Medical-and-Dental-Expenses
  • Internal Revenue Service (IRS). "Retirement Topics - 401(k) and Profit-Sharing Plan Contribution Limits." July 3, 2014. (Oct. 14, 2014) http://www.irs.gov/Retirement-Plans/Plan-Participant,-Employee/Retirement-Topics-401k-and-Profit-Sharing-Plan-Contribution-Limits
  • Internal Revenue Service (IRS). "Simplified Option for Home Office Deduction." Aug. 19, 2014. (Oct. 14, 2014) http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Simplified-Option-for-Home-Office-Deduction
  • Internal Revenue Service (IRS). "Top 10 Tips About Free Tax Preparation." Jan. 29, 2014. (Oct. 13, 2014) http://www.irs.gov/uac/Newsroom/Top-10-Tips-about-Free-Tax-Preparation
  • Internal Revenue Service (IRS). "Treasury and IRS Announce That All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes; Ruling Provides Certainty, Benefits and Protections Under Federal Tax Law for Same-Sex Married Couples." Aug. 29, 2013. (Oct. 14, 2014) http://www.irs.gov/uac/Newsroom/Treasury-and-IRS-Announce-That-All-Legal-Same-Sex-Marriages-Will-Be-Recognized-For-Federal-Tax-Purposes%3B-Ruling-Provides-Certainty,-Benefits-and-Protections-Under-Federal-Tax-Law-for-Same-Sex-Married-Couples
  • Rosen, Elizabeth. "Free Tax Preparation Tips." US Tax Center (IRS). Feb. 11, 2014. (Oct. 13, 2014) http://www.irs.com/articles/tax-preparation-tips-2
  • TurboTax. "Documents You Should Save for Tax Time." 2013. (Oct. 13, 2014) https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/Documents-You-Should-Save-for-Tax-Time/INF26179.html
  • TurboTax. "Tax Planning for Beginners." 2013. (Oct. 13, 2014) https://turbotax.intuit.com/tax-tools/tax-tips/Taxes-101/Tax-Planning-for-Beginners/INF26192.html
  • Yochim, Dayana. "Get it Done: Prepare to Prepare." Motley Fool. 2014. (Oct. 13, 2014) http://www.fool.com/personal-finance/taxes/get-it-done-prepare-to-prepare.aspx

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement

Advertisement


Advertisement


Recommended

Advertisement

Advertisement