The Daily Deduction

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Weekly Tax Inventory - 3-13-2014

This week in tax news: President Obama and Galifianakis in Between Two Ferns, marriage tax penalty, and more...

Posted To: The Daily Deduction
By: Lauryn on 3/14/2014 12:55:00 AM

Received a Call About Being a Lucky Winner? Beware, Those Riches May Be a Scam

According to the IRS, there has been an increase in tax scams involving pervasive telephone calls.  Find out more information about these scams in this article.

Posted To: The Daily Deduction
By: Lauryn on 3/17/2014 01:35:00 AM

Health Care FSA Watch

Some FSA plans let you turn in receipts from last year's plan year until 3/15.  This is a friendly eSmart Tax reminder to turn in any receipts to your qualifying FSA plan so you don't lose it.

Posted To: The Daily Deduction
By: Lauryn on 3/14/2014 02:25:00 AM

Questions to Ask Your Tax Preparer

Tax preparer shopping can be a lot like a blind date: You might not know anything about your preparer, but you’re willing to share some intimate information.  How can you possibly know if you and your preparer will be a good fit?  Below are some important questions to ask.

Posted To: The Daily Deduction
By: Lauryn on 3/13/2014 01:30:00 AM

eSmart Tax FAQ: What Are My Options for Signing a Return?

Depending on your tax situation, there are several ways that you can sign your federal income tax return. Method Description Best to use if: Self-Select PIN The PIN is any five numbers (except all zeros) the taxpayer chooses to enter as their electronic signature.

Posted To: The Daily Deduction
By: Lauryn on 3/11/2014 05:05:13 PM

What Are My Options for Paying Taxes Owed To The United States Government?

eSmart Tax FAQ: Paying the money that you owe for taxes

Posted To: The Daily Deduction
By: Lauryn on 3/10/2014 01:35:00 AM

Weekly Tax Inventory: 03-06-2014

This week in tax news: Obamacare and small businesses, expiring tax breaks, tax increases affecting your business, same-sex couples + taxes and more...

Posted To: The Daily Deduction
By: Lauryn on 3/7/2014 02:05:00 AM

Tax Moves for Small Business Owners

As a business owner, this is the time you realize that bookkeeping records, business transaction receipts and other important paperwork indicate that they have to pay more than you expected. To help you and your business come out on top, take some time to analyze these tax deductions and incentives.

Posted To: The Daily Deduction
By: Lauryn on 3/5/2014 06:20:00 AM

I Forgot To Include Something on A Return I Just Submitted. Can I Update My Return While eSmart Tax Says It Is “Submitted?”

We’re all human.  Making mistakes is common and even though efiling your return significantly reduces the risk of making mistakes on your taxes, something may still happen.  Perhaps you got a form in the mail today that needs to be documented on your return.  Maybe you just noticed that an amount from a W-2 got typo-ed.  What can you do if you just submitted your return and eSmart Tax says it’s “submitted”?

Posted To: The Daily Deduction
By: Lauryn on 3/1/2014 05:05:00 AM

Weekly Tax Inventory - 2-28-2014

This week in tax news: Rashia Wilson, IRS crackdowns on tax crimes increase, Sallie Mae Horror Stories, and IRS checks to illegal immigrants still being investigated

Posted To: The Daily Deduction
By: Lauryn on 2/28/2014 10:23:00 AM

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