Is Your Income Taxable or Non-Taxable? You might be surprised!

According to the US Tax Laws, generally, most of your income is considered taxable but in some situations, certain types of income can be either only partially taxable or not at all taxable. In order to help you understand the…

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Need A Copy of Your Previous Year Tax Return? Here’s How!

There are several reasons to request previous year’s tax information. One of which is for purchasing a home or making any other substantial purchase. Another is if you are delinquent in filing your tax returns or just want to amend…

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Accountants Are Like Doctors – You Need To See A Specialist!

If you had a heart condition, would you go to your primary care doctor or a cardiologist? Easy question, huh? They why when it comes to taxes, do most people say “I’ve got an accountant who handles that.” What does…

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Don’t Forget the Tab – Your Tips Are Taxable!

If you work as a waiter/waitress or in any type of service job where tips are a major part of your income, you WILL be taxed on them. Even if you receive them in cash, the IRS has a way…

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Business Deductions – Worth The Cost?

I spoke recently with a friend who is a professional affiliate marketer. We got to the subject of taxes and mentioned a certain CPA that our Tax Patriots greatly admire and see as a authority on tax information. The irony…

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Maximum Child Benefits – Why You Should Not Put A Price Tag On Your Children!

A common question we get at JFTS is “How much is each child worth?”. We receive this from either current or expecting parents. What an awful question! We know that parents do not mean “How much can I SELL my…

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Refund Anticipation Loans aka Legalized Loan Sharking

With tax season in full swing now we have been seeing plenty of ads claiming “don’t wait, get your refund now.” Sounds great doesn’t it? I mean your refund is YOUR money, you paid it to the government, you should…

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Buyer Beware! Watch Out For All The “Free” and “Guarantees” In Tax Ads

As a growing tax business we realize that creative marketing is essential to the growth of our business. This tax season with a fully fledged marketing effort we are noticing more and more the ads of our competitors and frankly…

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Your Deductions – What’s Missing?

After reading an article titled “10 Most Overlooked Tax Deductions” from Investopedia I felt it was my duty as a professional to make sense of this. Despite all the tax services and software claiming maximum refunds and the most comprehensive…

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