Category Archives: Tax
Dec
We all hate gaining weight and paying TAXES!! We can’t help you with the extra lbs. but we can help you feel peace by knowing that you are getting all the tax deductions that are available to you. The United States has the best economy, best legal system, and best business opportunities in the world. […]
Dec
This week my Julie asked if any in our household wanted to go with her to look at the Layton City Christmas lights. We go every year, and it gets a bit “old”. This time, she had two rules; (1) no one could go if they were going to be grouchy, and (2) she was […]
Aug
There is a resort in Mexico that we, as a family, like to enjoy. I have fond memories of sitting at the beach with a book and a “Freezie Willy” fruit drink, boogie boarding, shuffle boarding, eating street tacos, trying to surf (that is exhausting exercise), doing yoga classes, catching crabs off a pier, dickering […]
Jul
A few years ago, a client, who, incidentally, is a doctor, plead with me for tax deductions (like there was something magical that I could do). The simple truth is that to get a “tax deduction, you have to spend money”. So, if that is the case, doesn’t it make sense to spend it on […]
Feb
Noncash charitable contributions are a good deduction if taken correctly. Here are 3 Rules to keep in mind. Rule No. 1. The donation must be made to a qualified charity (no, your needy college kids do not count). Rule No. 2. No deduction is allowed for a charitable contribution of clothing or household items unless the clothing […]
Jan
If you pay tuition, fees, and other costs for attendance at an eligible educational institution for yourself, your spouse, or your dependent, you may be able to take advantage of one or more of the education tax benefits. You can claim more than one education benefit in a tax year as long as you do […]
Feb
Which records should you keep? You should keep information that you and the IRS need to determine your correct tax. Everyone should keep the following records. Copies of tax returns. Keep copies of your tax re- turns as part of your tax records. Your tax returns can help you prepare future returns and amended returns. […]
Feb
Don’t Panic! Here at Valentine CPA, we will provide you the best advice on what to do if, for whatever reason, you find you can’t pay your taxes. We are here to help. Below are some basic guidelines and methods to get your taxes paid while reducing any penalties and interest. We are happy to […]
Jan
Identity Theft and Your Taxes – Your identity and money can be stolen in a tax-related scam via email (“phishing”), fax, phone, or letters. Some recent examples of identity theft scams are: Refund scam – A bogus email, claiming to come from the IRS, tells you that you are eligible to receive a tax refund for […]
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