As tax season draws to a close, it’s important to review your tax return carefully before submitting it. A thorough review can help you catch errors, ensure accuracy, and maximize your refund or minimize your liability. Here’s a guide on what to look for when...
Michael Hogberg, EA
How to File for a Tax Extension
Sometimes, despite your best efforts, you might find yourself unable to complete your tax return by the deadline. In such cases, filing for a tax extension can provide you with additional time to gather information and ensure your return is accurate. Here’s a...
What to Do if You Can’t Pay Your Taxes by the Deadline
Finding yourself unable to pay your taxes by the deadline can be stressful, but it’s important to take proactive steps to address the situation. Ignoring the problem can lead to increased penalties and interest. Here’s what you should do if you can’t pay your taxes on...
Last-Minute Tax Filing Tips
As the tax filing deadline approaches, it’s important to stay calm and organized to ensure you file your taxes accurately and on time. Here are some last-minute tax filing tips to help you navigate the process efficiently and avoid common pitfalls. Gather All...
Tax Tips for Self-Employed Individuals
Being self-employed comes with many benefits, including the freedom to be your own boss and control over your schedule. However, it also means you have unique tax responsibilities and opportunities. Here are some essential tax tips to help self-employed individuals...
Tax Credits vs. Tax Deductions: What’s the Difference?
Understanding the difference between tax credits and tax deductions is essential for effective tax planning and maximizing your refund. Both can reduce your tax liability, but they work in different ways. Here’s a guide to help you understand how each works and how to...
The Importance of Filing Taxes on Time
Filing your taxes on time is crucial for maintaining financial health and avoiding potential penalties and interest. Despite its importance, many taxpayers procrastinate or miss the deadline altogether. Understanding the reasons behind timely tax filing and the...
Maximizing Your Tax Refund: Tips and Strategies
Understand Your Filing Status Receiving a tax refund can be a welcome financial boost. However, to maximize your refund, you need to be proactive and strategic in your tax planning. Here are some tips and strategies to help you get the most out of your tax return this...
How to Choose the Right Tax Professional
Choosing the right tax professional is crucial for ensuring your taxes are prepared accurately and efficiently. The right expert can help you maximize your deductions, minimize your tax liability, and provide valuable financial advice. Here’s a guide to help you find...
Common Tax Mistakes to Avoid
Tax season can be a stressful time, and making mistakes on your tax return can lead to delays, penalties, and even audits. Being aware of common tax mistakes and how to avoid them can help ensure a smoother and more accurate tax filing process. Here are some of the...