Welcome to the TaxGenuity Blog

Summer is wedding season. After you say, "I do" you'll have two filing status options to choose from when filing your 2014 tax returns: married filing jointly, or married filing separately. Married Filing Jointly You can choose married filing jointly as your filing...

Tax law allows you to deduct two types of travel expenses related to your business, local and what the IRS calls "away from home." First, local travel expenses. You can deduct local transportation expenses incurred for business purposes such as the cost of getting...

Starting in June 2014, the Internal Revenue Service is beginning a one-year pilot program to help small businesses with retirement plans that owe penalties for not filing reporting documents. By filing current and prior year forms during this pilot program, they can...

The IRS sends millions of letters and notices to taxpayers for a variety of reasons. Many of these letters and notices can be easily dealt with without having to call or visit an IRS office. Here are nine things you should know about if you receive a notice or letter...

If you don't have taxes withheld from your pay, or you don't have enough tax withheld, then you may need to make estimated tax payments. If you're self-employed you normally have to pay your taxes this way. Here are six tips you should know about estimated taxes: 1....

U.S. citizens and resident aliens, including those with dual citizenship who have lived or worked abroad during all or part of 2013, may have a U.S. tax liability and a filing requirement in 2014. The filing deadline is Monday, June 16, 2014, for U.S. citizens and...

If you're looking to sell your home this year, then it may be time to take a closer look at the exclusion rules and cost basis of your home in order to reduce your taxable gain on the sale of a home. The IRS home sale exclusion rule allows an exclusion of a gain up to...

Starting a new business is a very exciting and busy time. There is so much to be done and so little time to do it in. If you expect to have employees, there are a variety of federal and state forms and applications that will need to be completed to get your business...

Are you taking care of an elderly parent or relative? According to the U.S. Census Bureau, there were 43.1 million people age 65 and older in the United States in 2012, nearly 15 percent of the total population. Whether it's driving to doctor appointments, paying for...

Are you in the farming business or thinking about it? If so, you should be aware that there may be tax benefits available for you come tax time. Farms include plantations, ranches, ranges and orchards. Farmers may raise livestock, poultry or fish, or grow fruits or...