Category Archives: Tax

Home Mortgage Interest and Unmarried Couples

Posted on January 5, 2014 by admin

Article Highlights: • Home mortgage interest can generally be deducted only by a person who is legally obligated to pay the mortgage. • An exception to the preceding general rule applies for interest paid on a real estate mortgage when … Continue reading →

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Did You Collect the Needed W-9s?

Posted on January 2, 2014 by admin

Article Highlights: • The IRS Form W-9 is used to obtain independent contractors’ tax ID numbers. • Tax ID numbers are required when filing 1099s. • 1099-MISCs must be issued to independent contractors that are paid $600 or more during … Continue reading →

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Last Minute Tax Moves

Posted on December 14, 2013 by admin

Article Highlights: • Year-end Tax Strategies • Prepay Taxes if Not Subject to the AMT • Pay Off Medical Installment Payments • Advance Charitable Deductions • Be Cautious of Overall Itemized Deductions Phase Out • Prepay Tuition Expenses • Fast … Continue reading →

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