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How to check your tax return status for free!

Have you ever wondered when your tax refund will arrive or what the status of your tax return is? The IRS features tools on their website that you allow you to get information abut your tax return. We are going to show you how to use the tools while breaking down some methods available.  The IRS has 2 online tools…
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How and when do I need to amend my tax return?

Did you make any mistakes on your tax return? Did you forget to claim something that is deductible? There's nothing to worry about because you can send a new form that will help you claim the refund without getting in any trouble whatsoever. Luckily the IRS is familiar with taxpayers sending incorrect paperwork so all you…
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Deduct Your Refinancing Costs

Deduct Your Refinancing Costs. As the real estate market improves and mortgage rates remain low, many homeowners are considering refinancing their home mortgages. Following are some of the general tax rules for deducting the charges associated with refinancing. Interest Interest on a refinanced loan will be deductible to the extent the loan refinances up to $1…
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Depreciating Business Property

Depreciating Business Property. Depreciation deductions can be extremely valuable for a business. For example, in a recent court case, a federal judge ruled a company could begin taking its depreciation deductions for two buildings housing retail stores at a point prior to when they were "open for business." The ruling allowed the company to show a…
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