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

What Employers Need to know about the ACA

by TaxGenuity Tax Experts | Nov 13, 2015 | Tax Advice

The healthcare law contains tax provisions that affect employers. The size and structure of a workforce–small or large–helps determine which parts of the law apply to which employers. Calculating the number of employees is especially important for...

Year-End Tax Planning for Businesses

by TaxGenuity Tax Experts | Nov 8, 2015 | Tax Advice

While the fate of several business-related tax extenders such as Research & Development tax credits, bonus depreciation, and Section 179 expensing that expired at the end of 2014 is uncertain, there are still a number of end of year tax planning strategies...

Year-End Tax Planning for Individuals

by TaxGenuity Tax Experts | Nov 3, 2015 | Tax Advice

Tax planning for the year ahead presents similar challenges to last year due to the unknown fate of the numerous tax extenders that expired at the end of 2014. These tax extenders, which include the mortgage insurance premium deduction and the sales tax deduction that...

Tax Tips for Starting a Business

by TaxGenuity Tax Experts | Oct 31, 2015 | Tax Advice

When you start a business, a key to your success is to know your tax obligations. You may not only need to know about income tax rules but also about payroll tax rules. Here are five tax tips that can help you get your business off to a good start. 1. Business...

Reporting Gambling Income and Losses

by TaxGenuity Tax Experts | Oct 26, 2015 | Tax Advice

Whether you play the lottery, roll the dice, play cards, or bet on the ponies, all of your gambling winnings are taxable and must be reported on your tax return. If you gamble, these tax tips can help you at tax time next year: Here’s what you need to know about...

Hold On to Your Tax Returns

by TaxGenuity Tax Experts | Oct 21, 2015 | Tax Advice

You should always keep a copy of your tax return for your records. You may need copies of your filed tax returns for many reasons. For example, they can help you prepare future tax returns. You’ll also need them if you have to amend a prior year tax return. You...

Tax Tips for Divorced or Separated Individuals

by TaxGenuity Tax Experts | Oct 16, 2015 | Tax Advice

Income tax may be the last thing on your mind after a divorce or separation, but these events can have an impact on your taxes. Alimony and a name change are just two of the items you may need to consider. Here are some key tax tips to keep in mind if you get divorced...