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

Don’t Fall for Phony IRS Websites

by TaxGenuity Tax Experts | Sep 22, 2013 | Tax Advice

The Internal Revenue Service is issuing a warning about a new tax scam that uses a website that mimics the IRS e-Services online registration page. The actual IRS e-Services page offers web-based products for tax preparers, not the general public. The phony web page...

What Income Is Nontaxable?

by TaxGenuity Tax Experts | Sep 21, 2013 | Tax Advice

Newlyweds and the recently divorced should ensure the name on their tax return matches the name registered with the Social Security Administration (SSA). A mismatch could unexpectedly increase a tax bill or reduce the size of any refund. For recently married...

Special Tax Benefits for Armed Forces Personnel

by TaxGenuity Tax Experts | Sep 21, 2013 | Tax Advice

Military personnel and their families face unique life challenges with their duties, expenses and transitions. As such, active members of the U.S. Armed Forces should be aware of all the special tax benefits available to them that can make it easier to file their tax...

Tips for Taxpayers Who Travel for Charity Work

by TaxGenuity Tax Experts | Sep 17, 2013 | Tax Advice

Do you plan to travel while doing charity work? Some travel expenses may help lower your taxes if you itemize deductions when you file next year. Here are five tax tips you should know about travel while serving a charity. 1. You must volunteer to work for a qualified...

Job Search Expenses May Lower Your Taxes

by TaxGenuity Tax Experts | Sep 13, 2013 | Tax Advice

September is often a time of transition, when people decide to make major life decisions–such as changing jobs. If you’re looking for a new job, then you may be able to claim a tax deduction for some of your job hunting expenses–as long as it’s...

A SIMPLE Retirement Plan for the Self-Employed

by TaxGenuity Tax Experts | Sep 9, 2013 | Tax Advice

Of all the retirement plans available to small business owners, the SIMPLE IRA plan (Savings Incentive Match PLan for Employees) is the easiest to set up and the least expensive to manage. These plans are intended to encourage small business employers to offer...

Which Moving Expenses are Deductible?

by TaxGenuity Tax Experts | Sep 5, 2013 | Tax Advice

If you moved due to a change in your job or business location, or because you started a new job or business, you may be able to deduct your reasonable moving expenses; however, you may not deduct any expenses for meals. If you meet the requirements of the tax law for...