If You’re Doing Your Own Tax Return Be Aware of these 7 Upcoming Tax Law Changes
Every year, and tax year 2021 will not be different, brings a few surprises to some of us. Even though a few tax changes are already announced, you might want to be aware of them. There are planned adjustments and changes because of inflation and phase-outs too. If you’re doing your own tax return, you need to be especially aware.
Proper financial planning provides View full post…
3 Easy Ways Doing Taxes Online Yourself Can Payoff
I know that tax time is one of the most enjoyable times of the year for you, and how much you look forward to it. Just kidding, of course, but it is a very important event, and taxes have to be done, and on time. For that reason, we’ll see why doing taxes online yourself isn’t hard to do.
I know tackling this issue on your own seems a bit overwhelming, but it doesn’t have to be. Understanding the basics of taxes will make them a lot more manageable. As a practicing accountant View full post…
File Taxes As Self Employed – 15 Big Deductions
It might surprise you to know that your car, truck, home, insurance, your education bills, and even retirement savings can be used to get you a big tax break if you file taxes as self employed.
Those of you who are freelancers, contractors, or maybe just own your own business, have some unique and valuable tax deductions that you can take to offset business income. Our list here is by no means all inclusive, but we’ll show you 15 that you should consider. View full post…
Just because they’re bigger, doesn’t mean they’re better
We’re pleased to introduce EZ Tax to you. We organized EZ Tax to provide a service where DIY tax filers could do your own income tax online at a very economical price. We teamed up with an established online tax filing firm, 1040.com, to provide this important service for you.
We’re a wholly owned subsidiary of the HBS Financial Group, Ltd.. Our parent company is an accounting and tax preparation practice who has been in business for over 30 years. We prepared tax returns by hand at the beginning because there weren’t computers and software to do them.
So, we know how to do taxes online View full post…
How To File Taxes Self Employed With 3 Easy Tips
If you have a side gig as a freelancer or maybe you’re a small business owner operating as a sole proprietor, you now are or soon will be subject to self employment taxes. In case you aren’t sure what these are, we’ll show you how to file taxes self employed.
What are self employment taxes?
To begin with, it’s the social security and Medicare taxes that are assessed on the net profit of your gig or small business. If you were working for View full post…
Doing Taxes Yourself Online is Better Using These 10 Strategies
1. Make sure you know when the deadlines are – Normally, the filing deadline for personal tax returns is April 15, unless that day falls on a weekend or holiday. When doing taxes yourself online, be sure to file taxes electronically by that date.
If you plan on sending them in by mail, and we do not recommend this, make sure they are postmarked by that date. Due to the IRS staffing problems View full post…
Does Doing Your Taxes Yourself Scare You?
There are times when going to a professional tax preparer might be a good idea, but for most individuals, doing your taxes yourself is fairly straight forward. This is especially true now and through 2025. The Tax Cuts and Jobs Act (TCJA) that was enacted in December 2017, increased the standard deduction that most of us now use.
At the same time the standard deduction was increased, the entire category for Miscellaneous deductions on Schedule A was eliminated. This, in effect, View full post…
Senior Citizen Income Tax Preparation – 7 Options to Consider
If all goes as planned, and we all know how that usually goes, the Internal Revenue Service should begin to accept 2021 tax returns around January 24, 2022. The current tax year isn’t over yet, so we don’t know what Congress will do as far as making changes to the tax code. We invite you to read on to see where senior citizen income tax preparation help is available.
There are several organizations where View full post…
How To File a DIY Tax Return – 5 Easy Tips
Whether you’re a first time filer or a seasoned veteran, filing a DIY tax return is not hard and can save you a lot of hard earned money. When you consider the time and aggravation saved, it becomes a no-brainer.
You can ease the pain even more by thoughtful planning and choosing to file your taxes online by yourself. By that, we mean at one of the DIY sites such as ours at EZ Tax/1040.com. We do everything we can to make this experience as stress free as possible.
Many individuals still think that taking all your records to a paid tax preparer is the best answer. Believe me, in almost View full post…
How to Do Taxes Yourself Like a Professional, Even if You Are Not.
Although some accountants will tell you, learning how to do taxes yourself is not difficult. You also don’t need a college degree in accounting; most of the time, you don’t even need to see a professional tax preparer or go to a department store to buy an expensive tax package.
If you are reading this article, you may have a tax return that you can easily prepare on our online tax filing website. Plus, at EZ Tax, you pay one low fee of $25, no matter how simple or how complex your return is.
To have a simple return prepared by a professional tax preparer, you may have to pay a fee of $250.00 or more. Add in itemized deductions, or one or two tax credits, and the cost will be View full post…