If your state never recovered from the recession and is on a tight budget, they may be increasing your taxes in the future to make up for their income. Today, we are revealing some states that have already announced that they are increasing their taxes. Connecticut For taxpayers who reside in the
What to Expect During an IRS Audit
If you receive a notice stating that the IRS is auditing you, do not panic. Many people have been audited in the past and they have survived it successfully so you can too. Today, we are covering what to expect during an IRS audit. Refer the Auditor to Huddleston Tax CPAs If you have an accountant
3 Ways to Invest Tax Free
The tax rules in 2015 will feature new laws. However, there are still ways that you can invest tax-free. Today, we will provide you with a few of the ways to help you start preparing for tax time now. Invest in a 401 (k) with Price Matching by Your Employer Your 401 (k) is a great way to invest
Identity Theft and Other Tax Scams to Watch Out For
Tax scams are on the rise. Therefore, it is important that you watch out for identity theft and other tax scams. Today, we are discussing some of the most common tax scams to watch out for. Phone Scams People will call you and pretend to be the IRS. This has been increasing over the years, and they
How Much the Average American Pays in Income Taxes
When filing your taxes you are probably shocked at how much you pay in income taxes. However, have you ever wondered what the average American is paying? Today, we have performed some research to see how the numbers add up around the nation. The IRS is Collecting More The economy is now recovering,
Unbelievable Tax Deductions
When it comes to taxes, we all know that there are numerous deductions and credits available. However, what you may not know is the number of unbelievable tax deductions there are. Today, we are covering the most unbelievable tax deductions. Gastric Bands Many Americans may feel as though Gastric
Nannies and Taxes – What You Need to Know
Nannies can become confused when it is time for them to file their taxes. Therefore, today we are discussing what nannies need to know about taxes. You Are Responsible for Reporting Your Earnings In the event that you do not receive a W2 from your employer, you are still responsible for reporting
5 States with No Sales Tax
If you are planning to move to another state and you are sick of having to deal with high sales tax, it is ideal to move to a state that does not have any. Therefore, today this article will discuss states that do not have sales tax. Alaska Alaska does not have sales taxes; however, they do have