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

Who Should File a 2013 Tax Return?

by TaxGenuity Tax Experts | Mar 16, 2014 | Tax Advice

The amount of your income, filing status, age and other factors determine whether you must file a federal tax return. Even if you don’t have to file a tax return, there are times when you should. Here are five good reasons why you should file a return, even if...

Using a Car for Business? Grab These Deductions

by TaxGenuity Tax Experts | Mar 11, 2014 | Tax Advice

Whether you’re self-employed or an employee, if you use a car for business, you get the benefit of tax deductions. There are two choices for claiming deductions: Deduct the actual business-related costs of gas, oil, lubrication, repairs, tires, supplies,...

7 Common Small Business Tax Misperceptions

by TaxGenuity Tax Experts | Mar 6, 2014 | 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 making the Internal Revenue Code barely understandable...

6 Overlooked Tax Breaks for Individuals

by TaxGenuity Tax Experts | Mar 1, 2014 | Tax Advice

Confused about which credits and deductions you can claim on your 2013 tax return? You’re not alone. Even in an ordinary tax year, it’s hard to remember which tax breaks you can take, but the fiscal cliff fiasco this year made it even more difficult to...

IRS Guidance for Legally Married Same-Sex Couples

by TaxGenuity Tax Experts | Feb 28, 2014 | Tax Advice

Under a joint IRS and U.S. Department of the Treasury ruling issued in 2013, same-sex couples, legally married in jurisdictions that recognize their marriages, are treated as married for federal tax purposes, including income and gift and estate taxes. The...

Updated Withholding Tables Released for 2014

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

Updated income-tax withholding tables for 2014 have been released by the IRS and supersede withholding tables issued in December 2013. The newly revised version contains percentage method income-tax withholding tables and related information that employers need to...

Missing Your Form W-2?

by TaxGenuity Tax Experts | Feb 20, 2014 | Tax Advice

You should receive a Form W-2, Wage and Tax Statement, from each of your employers for use in preparing your federal tax return. Employers must furnish this record of 2013 earnings and withheld taxes no later than January 31, 2014 (if mailed, allow a few days for...