Tax Pro Plus
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Los Angeles, CA 90064
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- Are You Missing Out On The Earned Income Tax Credit?
- The EITC is for people who work but have lower incomes. If you qualify, it could be worth up to $6,242 in 2015. So you could pay less federal tax or even get a refund. The credit is a refundable credit, so you can receive the benefits of the credit even if you do not owe any taxes. That's money you can use to make a difference in your life.
- 5 Accounting Tips That Will Make Managing Your Small Business a Breeze
- If you are the owner of a small business, you are endlessly busy. Between keeping track of the day-to-day requirements and monitoring growth and profit, it's easy to get overwhelmed and that means you might neglect important recordkeeping that will help you in the long term. Here are five helpful hints that will make accounting easier and make sure that you don't miss any milestones or deadlines.
- Using the Home Sale Gain Exclusion for More than Just Your Home
- With careful planning, and provided the rules are followed, the tax code allows the home sale gain exclusion every two years.
- Home Mortgage Interest and Unmarried Couples
- It is becoming increasingly common for couples to live together and remain unmarried, which can lead to potential tax problems when they share the expenses of a home but only one of them is liable for the debt on that home.
- Safe-Harbor Home Office Deduction Is It Better For You?
- Taxpayers can elect to take a simplified deduction for the business use of the taxpayer's home. The deduction is $5 per square foot, with a maximum square footage of 300. Thus, the maximum deduction is $1,500 per year. Here are the details of this simplified method:
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