Tag Archives: Taxes

Tax Article about Mark Zuckerberg founder of Facebook

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As we all know Facebook plans to become a publicly traded company sometime in 2012. I recently read an article about the possible tax bill the founder of Facebook Mark Zuckerberg might be paying once he exercises his stock options. Here is the article.

The amount of money he could possibly be paying absolutely insane. Its very possible that it could be the largest amount of money anyone has ever had to pay the IRS individually ever in the history of the United States. That’s what makes this story so interesting.

Tax Codes: Frustration

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Doing your taxes is frustrating to say the least. Knowing different tax codes and what the proper forms are that you need to file when you file your taxes is definitely a pain to say the least. That is why Advance Tax Services is the way to go. We complete your taxes, you know all the forms and codes you need to file your taxes properly and we file them fast. Take advantage of using a local company.

 

Should you file your taxes online?

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Filing taxes online has become extremely popular over the years but is there really an advantage to it versus sending your taxes through the mail or having a company like H&R Block help you prepare your taxes better?

Take Turbo Tax for example, filing online is safe and secure and their questionnaire style filing system is very user friendly. But here is the problem with that there are is definitely a chance that by filing your taxes online through their system you could miss a few things such as different deductions, different kinds of write offs, or even you could miss something that is vital as far as information goes.

Filing with a company like H&R Block is definitely great but again there is problems with filing your taxes through them. You are definitely likely to pay a hefty price on those your taxes. They can charge up to $150 dollars just helping you file your taxes.

If you want help think at local level and help support local business instead of hiring corporate company or using a corporate software tool to help you. By hiring locally you get the advantage of talking to someone who is on your level, who understands whats it like where you live and understands all the advantages and disadvantages of where you live.

 

 

Different ways to help you cut your taxes

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As you know its that time of year when people begin to do there taxes. There are a few different ways to help cut your taxes that could help you if you owe the federal government.

#1: Think Green: If you did some home improvement of the last year and had some sort of solar powered system put into your home there are different tax credits available to help you cut your tax bill down.

#2: Keep track of your sales tax: Keeping as many records as possible for all the different purchases you have made over the last year can really help you save when it comes to taxes. You can get up to 50% of those taxes written off.

#3. Keep Track of your Donations: If you were able to donate clothes, furniture, a vehicle, etc.

Travel Expenses – Can they be a Tax write off?

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uqeOne of the most important things you can look for while doing your taxes is looking for different ways to write off expenses that occurred doing business related situations. For example say you have a job in Albuquerque, New Mexico but you live in Santa Fe. You commute everyday five times a week to go to your jobs. Those miles will pile up fast on your vehicle. The amount of miles you put on your car and the amount of money you spent on gas can both be write offs.

Little things like this are important as far as cutting yourself a break when doing your taxes. Time is money so why not save more on your tax bill and come visit us today to find out what other tax cuts we can get you and deductions you qualify for.