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

Starting a Business? Five Things You Must Know

by TaxGenuity Tax Experts | Jun 6, 2014 | Tax Advice

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...

Claiming an Elderly Parent as a Dependent

by TaxGenuity Tax Experts | Jun 2, 2014 | Tax Advice

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,...

Ten Tax Tips for Farmers

by TaxGenuity Tax Experts | May 27, 2014 | Tax Advice

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...

What to Do if You Haven’t Filed an Income Tax Return

by TaxGenuity Tax Experts | May 24, 2014 | Tax Advice

Filing a past due return may not be as difficult as you think. Taxpayers should file all tax returns that are due, regardless of whether full payment can be made with the return. Depending on an individual’s circumstances, a taxpayer filing late may qualify for...

Eight Facts on Late Filing and Payment Penalties

by TaxGenuity Tax Experts | May 21, 2014 | Tax Advice

April 15 is the annual deadline for most people to file their federal income tax return and pay any taxes they owe. If, for whatever reason, you missed the deadline you may be assessed penalties for both failing to file a tax return and for failing to pay taxes they...

Ten Facts on Filing an Amended Tax Return

by TaxGenuity Tax Experts | May 17, 2014 | Tax Advice

What should you do if you already filed your federal tax return and then discover a mistake? First of all, don’t worry. In most cases all you have to do is file an amended tax return. But before you do that, here are 10 facts you should be aware of when filing...

Choosing a Retirement Destination

by TaxGenuity Tax Experts | May 14, 2014 | Tax Advice

With health care, housing, food, and transportation costs increasing every year, many retirees on fixed incomes wonder how they can stretch their dollars even further. One solution is to move to another state where income taxes are lower than the one they currently...