Tax Advice | TaxGenuity, Inc. - Tax Experts & IRS Problem Solvers

Tax-Free Savings for College

by TaxGenuity Tax Experts | Aug 10, 2016 | Tax Advice

According to a recent study published by the Federal Reserve Bank of San Francisco, researchers found that over a lifetime, the average U.S. college graduate will earn at least $800,000 more than the average high school graduate–even after taking into...

The Home-Based Business: Basics to Consider

by TaxGenuity Tax Experts | Aug 7, 2016 | Tax Advice

More than 52 percent of businesses today are home-based. Every day, people are striking out and achieving economic and creative independence by turning their skills into dollars. Garages, basements, and attics are being transformed into the corporate headquarters of...

Five Ways to Improve Your Financial Situation

by TaxGenuity Tax Experts | Aug 4, 2016 | Tax Advice

If you are having trouble paying your debts, it is important to take action sooner rather than later. Doing nothing leads to much larger problems in the future, whether it’s a bad credit record or bankruptcy resulting in the loss of assets and even your home. If...

Seven Common Small Business Tax Misperceptions

by TaxGenuity Tax Experts | Aug 1, 2016 | Tax Advice

One of the biggest hurdles you’ll face in running your own business is staying on top of your numerous obligations to federal, state, and local tax agencies. Tax codes seem to be in a constant state of flux and increasingly complicated. The old legal saying that...

Tax Tips for Members of the Military

by TaxGenuity Tax Experts | Jul 29, 2016 | Tax Advice

Special tax benefits apply to members of the U. S. Armed Forces. For example, some types of pay are not taxable, and special rules may apply to some tax deductions, credits, and deadlines. Here are ten of those benefits: 1. Deadline Extensions. Some members of the...

Education Tax Credits Help You Pay for College

by TaxGenuity Tax Experts | Jul 26, 2016 | Tax Advice

Are you planning to pay for college in 2016? If so, money you paid for higher education can mean tax savings on your tax return when you file next year. If you, your spouse or your dependent took post-high school coursework last year, you may be able to take advantage...

Who Can Represent You Before the IRS?

by TaxGenuity Tax Experts | Jul 23, 2016 | Tax Advice

Many people use a tax professional to prepare their taxes. Tax professionals with an IRS Preparer Tax Identification Number (PTIN) can prepare a return for a fee. If you choose a tax pro, you should know who can represent you before the IRS. Unlimited representation...