Taxes - 360 Degrees of Financial Literacy https://www.360financialliteracy.org/Topics/Taxes en-US 10 Key Tips for Filing Your Tax Return https://www.360financialliteracy.org/Topics/Taxes/10-Key-Tips-for-Filing-Your-Tax-Return https://www.360financialliteracy.org/Topics/Taxes/10-Key-Tips-for-Filing-Your-Tax-Return Tax Day (April 18) is getting close.  Before you file, read over these tips from the American Institute of CPAs (AICPA) to cover all the angles.

“Each tax filing season is unique and presents taxpayers with new challenges,” according to Edward S. Karl, CPA, CGMA, vice president of taxation for the American Institute of CPAs (AICPA).  “Taxpayers always have to learn about new rules and changes to old rules to avoid making mistakes.” 

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Thu, 02 Mar 2017 09:15:09 EST
Many Tax Credits & Deductions Permanent, but a Few Vanish https://www.360financialliteracy.org/Topics/Taxes/Credits-Deductions/Many-Tax-Credits-Deductions-Permanent-but-a-Few-Vanish https://www.360financialliteracy.org/Topics/Taxes/Credits-Deductions/Many-Tax-Credits-Deductions-Permanent-but-a-Few-Vanish This article describes tax benefits that taxpayers can count on using (if they are eligible) and those that may disappear.

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Fri, 27 Jan 2017 15:27:07 EST
Tax-Related Identity Theft https://www.360financialliteracy.org/Topics/Taxes/Tax-Related-Identity-Theft https://www.360financialliteracy.org/Topics/Taxes/Tax-Related-Identity-Theft For tax-related identity theft matters, CPAs are here to help, whether it's contacting the IRS to ensure your payments are properly credited to your account, helping to retrieve a refund issued to the wrong person or responding to IRS notices. Here is a checklist to combat identity theft, especially during tax-filing season. 

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Thu, 26 Jan 2017 23:29:43 EST
Getting Started https://www.360financialliteracy.org/Topics/Taxes/Year-round-Planning/Getting-Started https://www.360financialliteracy.org/Topics/Taxes/Year-round-Planning/Getting-Started Before beginning your tax return, here are a few things you should know.

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Wed, 11 Jan 2017 19:04:36 EST
Facts to Know When Choosing a Tax Preparer https://www.360financialliteracy.org/Topics/Taxes/Working-with-a-Preparer/Facts-to-Know-When-Choosing-a-Tax-Preparer https://www.360financialliteracy.org/Topics/Taxes/Working-with-a-Preparer/Facts-to-Know-When-Choosing-a-Tax-Preparer As the federal tax return deadline nears this year, you may hear people advertising themselves as “tax preparers.” What does this mean? It’s important you know the answer to that question.

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Wed, 11 Jan 2017 18:58:28 EST
What is a CPA? https://www.360financialliteracy.org/Topics/Taxes/Working-with-a-Preparer/What-is-a-CPA https://www.360financialliteracy.org/Topics/Taxes/Working-with-a-Preparer/What-is-a-CPA Although you may often hear friends talk about meeting with their CPAs at tax time or when they need critical business advice, in fact many people are not really aware of what it means to be a certified public accountant.

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Wed, 11 Jan 2017 18:55:02 EST
How to Choose A CPA https://www.360financialliteracy.org/Topics/Taxes/Working-with-a-Preparer/How-to-Choose-A-CPA https://www.360financialliteracy.org/Topics/Taxes/Working-with-a-Preparer/How-to-Choose-A-CPA When deciding which tax preparer is best suited for your needs, you should keep in mind that certified public accountants offer a high level of business expertise and integrity.

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Wed, 11 Jan 2017 18:51:51 EST
Financial Planning https://www.360financialliteracy.org/Topics/Taxes/Year-round-Planning/Financial-Planning https://www.360financialliteracy.org/Topics/Taxes/Year-round-Planning/Financial-Planning A good financial plan focuses on your individual needs and goals – and builds on those central considerations to shape decisions on everything from retirement funding and education savings to asset protection and growing your estate and investments, all while considering the tax implications therein.

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Wed, 11 Jan 2017 17:01:27 EST
Save Money by Planning Year-round https://www.360financialliteracy.org/Topics/Taxes/Year-round-Planning/Save-Money-by-Planning-Year-round https://www.360financialliteracy.org/Topics/Taxes/Year-round-Planning/Save-Money-by-Planning-Year-round By engaging in tax planning, you help take the guesswork and anxiety out of the tax return process. Going forward, you'll be able to anticipate and manage your tax situation, instead of accepting it as inevitable.

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Wed, 11 Jan 2017 16:53:36 EST
Why choose a CPA for all your tax needs? https://www.360financialliteracy.org/Topics/Taxes/Working-with-a-Preparer/Why-choose-a-CPA-for-all-your-tax-needs https://www.360financialliteracy.org/Topics/Taxes/Working-with-a-Preparer/Why-choose-a-CPA-for-all-your-tax-needs Everyone knows about CPAs, right? Although you may often hear friends talk about meeting with their CPAs at tax time or when they need critical advice, in fact many people are not really aware of what it means to be a certified public accountant or CPA and what services they offer their clients.

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Wed, 11 Jan 2017 15:54:14 EST