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It's Tax Payback Time!

If you took certain actions in a prior year, you may now have additional taxes due on your 2011 tax return.  Here are the details: HOME BUYER CREDIT:  If you bought a home in 2008 and took the first-time home buyer credit, you have another repayment installment due...

Two important tax deadlines approaching

March 15 – 2011 calendar-year corporation income tax returns are due. Extensions may be filed to give until September 17, 2012, to file. March 15 – Deadline for calendar-year corporations to elect S corporation status for 2012. April 2 – Deadline for...

Even if you don't itemize, some deductions are available.

If you’ve given up itemizing deductions, you’re not alone.  These days over half of all taxpayers find they’re better off using the standard deduction.  Even if you take the standard deduction, you can also deduct some individual expenses on your 2011 tax return,...