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

Tax Brackets, Deductions, and Exemptions for 2014

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

In 2014, personal exemptions and standard deductions will rise and tax brackets will widen due to inflation. By law, the dollar amounts for a variety of tax provisions, affecting virtually every taxpayer, must be revised each year to keep pace with inflation. New...

How to Get Paid on Time

by TaxGenuity Tax Experts | Jan 15, 2014 | Tax Advice

Due to current economic conditions, it’s likely that collecting on your accounts receivables is becoming more and more of a challenge. Strengthening your collection procedures may allow you to improve collection rates and shorten the aging days of your accounts...

Ensuring Financial Success for Your Business

by TaxGenuity Tax Experts | Jan 10, 2014 | Tax Advice

Can you point your company in the direction of financial success, step on the gas, and then sit back and wait to arrive at your destination? Not quite. You can’t let your business run on autopilot and expect good results. Any business owner knows you need to...

Tax Changes for 2014: A Checklist

by TaxGenuity Tax Experts | Jan 5, 2014 | Tax Advice

Welcome 2014! As the new year rolls around, it’s always a sure bet that there will be changes to the current tax law and 2014 is no different. From health savings accounts to retirement contributions and standard deductions, here’s a checklist of tax...

Filing Season Delayed by 10 Days

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

Taxpayers should note that the 2014 tax season opens on Jan. 31, 2014. In most years, the filing season opens on Jan. 21; however, due to the 16-day government shutdown that took place in October 2013, the filing season is delayed by 10 days this year. No returns,...

Are Your Social Security Benefits Taxable?

by TaxGenuity Tax Experts | Dec 28, 2013 | Tax Advice

All Social Security recipients should receive a Form SSA-1099 from the Social Security Administration which shows the total amount of their benefits. But many people may not realize the Social Security benefits they received in 2013 may be taxable. The information...

10 Things to Know About Capital Gains

by TaxGenuity Tax Experts | Dec 24, 2013 | Tax Advice

Did you know that almost everything you own and use for personal or investment purposes is a capital asset? Capital assets include a home, household furnishings and stocks and bonds held in a personal account. When you sell a capital asset, the difference between the...