Many people don’t realize who they may be able to claim on their tax return. It can be quite confusing at times but knowing who you can claim can save you tax dollars.
Did you know that you can possibly claim your parent, grandparent, nephew, niece, or other qualified relative that didn’t live with you? In addition, you can possibly claim some...
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What new things can you expect from Rhodes-Murphy this tax season? Watch the video below to find out!
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Kroger was one of the first grocery stores in the area to offer fuel perks. In short, every time you made a purchase at Kroger totaling more than $100 you could use these rewards to receive 10 cents off of each gallon of gas (in one visit). Kroger wasn’t the only player in the game for long though as many other stores, such as BiLo began offering t...
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Year after year we have customers come in to Rhodes Murphy offices with questions about filing back taxes. The sooner you address these issues the better and we want to help you. We are now past the filing deadline for ALL 2011 tax returns. If you haven’t filed, chances are you are going to face repercussion from the IRS for your indiscretion. Keep...
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When I talk to our tax preparers here at Rhodes Murphy record keeping is commonly mentioned as one of the biggest pitfalls their clients face. Many things require good record keeping such as business use of home, charitable donations, medical receipts, and childcare expenses. Just because it’s not “tax time” doesn’t mean that you shouldn’t be keepi...
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While many of us mark April 15th on our calendars as the deadline for filing tax returns. The IRS however does not close efile until mid-October before turning things over to the next filing season, this year that efile deadline is October 17th. The majority of tax payers will still be subject to this deadline and any returns filed after that point...
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The IRS recognizes several different filing statuses when it comes to taxes. These include single, married filing separate, married filing joint, and head of household. Things can get somewhat complicated when it comes to a married couple or the separation of a married couple.
People can apply for the innocent spouse relief if they feel that t...
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There is no doubt that people are suffering from the poor economy. Unemployment has been its highest in a long time. The number is actually higher because the numbers now only include people who “are actively looking for a job.”
Given the hard times, there are questions and answers about jobs related to federal and state taxes. There is a list...
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Do you keep track of your miles for work? If you don’t you should for several reasons. It is especially important if you receive a 1099-Misc for payment. In hard economic times, some companies are looking to hire part-time workers so they are not responsible for providing full benefits. This also means that you have to pay self-employment taxes...
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Most everybody knows the phrase, “No taxation without representation.” Although this Revolutionary call for rights is somewhat outdated, the IRS has actually established a list of rights that you have as a taxpayer in the United States. Knowledge is power, and it is important to know your rights as a taxpayer so you can protect yourself and your ...
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