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

Six Facts About Charitable Donations

by TaxGenuity Tax Experts | Jul 20, 2016 | Tax Advice

If you give money or goods to a charity in 2016, you may be able to claim a deduction on your federal tax return. Here are six important facts you should know about charitable donations. 1. Qualified Charities. You must donate to a qualified charity. Gifts to...

Start Planning Now for Next Year’s Taxes

by TaxGenuity Tax Experts | Jul 17, 2016 | Tax Advice

You may be tempted to forget about your taxes once you’ve filed your tax return, but did you know that if you start your tax planning now, you may be able to avoid a tax surprise when you file next year? That’s right. Now is a good time to set up a system...

Five Tips for Safeguarding Your Records

by TaxGenuity Tax Experts | Jul 14, 2016 | Tax Advice

Some natural disasters are more common in the summer, but major events such as hurricanes, tornadoes and fires can strike at any time. It’s always a good idea to plan for what to do in case of a disaster. Here are some basic steps you can take right now to...

The Best Financial Tool for Business Owners

by TaxGenuity Tax Experts | Jul 11, 2016 | Tax Advice

What if there were a tool that helped you create crystal-clear plans, provided you with continual feedback about how well your plan was working, and that told you exactly what’s working and what isn’t? Well, there is such a tool. It’s called the...

Paying off Debt the Smart Way

by TaxGenuity Tax Experts | Jul 8, 2016 | Tax Advice

Between mortgages, car loans, credit cards, and student loans, most people are in debt. While being debt-free is a worthwhile goal, most people need to focus on managing their debt first since it’s likely to be there for most of their life. Handled wisely,...

Tax Compliance Issues for Non-Profits

by TaxGenuity Tax Experts | Jul 5, 2016 | Tax Advice

Whether you’ve just started a nonprofit, recently submitted your organization’s first Form 990, or are the executive director, it’s important not to lose sight of your obligations under federal and state tax laws. From annual filing and reporting...

Selling Your Business

by TaxGenuity Tax Experts | Jul 2, 2016 | Tax Advice

There are many reasons to sell a business. Maybe you’re in ill health or ready to retire. Or you’re tired of working all the time and now that the business is profitable you’re ready to cash in. Whatever the reason, selling a small to medium sized...