Rapid Tax

A blog focused on providing informative tax and personal finance information.

Archive for January, 2010

Considering a tax preparer this year?

Friday, January 22nd, 2010

Before you pay someone to do your taxes for you here’s some federal income tax advice to remember before you pull the trigger.

  • Complaints about tax preparers were up 80% in five years. This includes complaints for things like late filing, missing W-2s, base inaccuracies, or completely missing or lost filings. The solution is to get help with your filing from a service like RapidTax. You get 24-hour help if you’ve any questions, and you know for a fact that it was sent in on time.
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MBA Tax Deduction in Sight, Thanks to One Plucky Taxpayer

Wednesday, January 13th, 2010

It’s rare that an individual wins a victory against the IRS.

Rarer still is a landmark victory that could mean thousands in deductions for others.

But that’s exactly the double-feat nurse Lori Singleton-Clarke accomplished, winning a ruling that her nearly $15,000 in business school deductions were legitimate. This judgment makes it easier for other professionals to claim from an MBA tax deduction. (more…)

Health Insurance Tax Deduction: The Debate Rages On

Tuesday, January 12th, 2010

While nationalized healthcare continues to be this young decade’s political event, there are still those of us who, whether self-employed or who work for businesses that don’t offer healthcare, pay for our own healthcare. Here’s some tax tips for we brave souls on the frontier of the healthcare debate. (more…)