Missing the filing deadline does not automatically mean that you will be hit with penalties and interest. Interest and penalties only apply when there is tax due. However, a taxpayer can lose a refund due if they wait more than three years to file a return.
A [...]
Continue Reading →You often hear of people saying that you should or should do something “because you get a tax deduction.” Changing your normal course of action just because a tax incentive is usually not a good idea. One can point to the 10% tax credit on home purchases in 2008. Home [...]
Continue Reading →Tax Preparation software like TurboTax or TaxAct can be thought of as a tool for individual taxpayers. Like any tool, the tax preparation software can produce fine work or can produce a complete mess. Just as a good carpenter never blames his tools, a taxpayer should never blame their software.
The Tax Courts determined that [...]
Continue Reading →Thinking about Free 1040EZ through a national chain? Think again!
Many national chains will file a form 1040EZ for free as a service to customers but will always
try to sneak in hidden charges. The most common hidden charge is a fee to file a state return that
can cost upwards of $40 [...]
Do you own a home or give to charity in Oshkosh or the Fox Valley? If so, timing certain payments can save you hundreds of dollars in taxes by grouping your deductions in certain calendar years. Tax Relaxer is available to help you maximize your deductions.
You may already know that you receive a [...]
Continue Reading →If you are like most Oshkosh or Fox Valley business owners, you may have taken a deduction for your home office or for an area of your house used in business. Also, you may be familiar with the 43-line Form 8829, the form used to calculate an [...]
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The Fiscal Cliff
This past summer, my wife Jamie and I visited High Cliff State Park. The cost of admission was $7. I’m ashamed to say I grew tired climbing the path to the 40-foot observation tower at the vantage point of the cliff. From the observation [...]
Continue Reading →I wrote a short post on The CPA Journey, as I had experienced it, about six months ago on August 8, 2011. My mind wandered there probably because I had taken my last CPA test a little over a week before that, on July 30. Just 21 days later, [...]
Continue Reading →A short video blog I recorded yesterday while watching some football. You can see in the video what the new home office looks like as well. It’s is regarding the tax implications of marriage. There were a million reasons I got married; but I have to say, for a bean counter, this [...]
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"Back in college I pitched an idea to my marketing student group that I truly believed in: "Anything of quality can be had at an affordable price." The Tax Relaxer is built on the same simple principal: "Quality Returns, Prepared and Reviewed by a Quality Specialist, for an Affordable Price, PERIOD."
- Kevin McMullen, Founder
