Donating to Disaster Relief? What you need to know.

With the wildfires still raging in Northern California, and numerous states and territories still devastated by multiple hurricanes, many of my family, friends, and clients are talking of donating to help those affected. Some even mention a tax deduction as a benefit of donating. While this can be true in some situations, if the deductibility…

You filed an extension, now what?

It has now been almost a month since tax day. You have forgotten that stress of the last minute looking for documents, trying to remember what you donated, or logging in to your bank accounts trying to download forms. Maybe it just got too overwhelming and you filed a tax extension. Maybe you looked at…

Income Tax Extensions – Don’t Panic! 4 Things You Need to Know Before You File

It’s that time of year, only four days left before income tax returns are due. When you think about that do you get nervous?  Did you already file your taxes?  Good for you!  Believe it or not there are people out there right now in full panic mode looking at a pile of papers they…

Direct Sales and Income Tax

Lularoe Fashion Retailer, Scentsy Consultant, DoTerra Wellness Advocate, Avon Representative, Rodan + Fields Consultant…even Tupperware. There are many names and opportunities, but it all comes down to the same thing – you have a small business. Businesses have their own sets of rewards and challenges, including special requirements for your tax return. It’s not just you…

Think outside the box

Many of my recent clients online have been using tax software for years and their reasons for switching are as varied as their tax situations: A new business, a new member of the family, a new house, a letter from the IRS that you owe them money, a busy schedule and/or workload that just doesn’t…

My taxes through the years

I’ve pretty much always done my own taxes.  They started out very straightforward – just income. Then I had income and student loan interest.  Still not hard.  Then I got married, now it’s two incomes. Then we bought a house – mortgage interest, property taxes, charitable contributions – wait, I can feel good about donating…

KMS Tax Preparation – Preparing to help you prepare

They say that nothing in life is for sure except death and taxes. They also never mention that preparing your taxes will be straight forward and easy. The tax code is complicated and you need make sure you can navigate it successfully. No one wants the IRS knocking on their door 5 years later with…