Tag Archives: Taxes

TAX SEASON, IS HERE, LET’S REVIEW THE MOST IMPORTANT CHANGES

1. Do you own or use any virtual currency? Virtual or digital currency, such as bitcoin, has been around for a few years. What is new is where the IRS states that this convertible currency should be treated as property … Continue reading

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International Investment Information : FACTA ( Tax Reporting Tips for Assets Abroad)

DO YOU HOLD ASSETS IN FOREING COUNTRIES? ARE YOU A US RESIDENT OR CITIZEN LIVING ABROAD? YOU NEED TO UNDERSTAND YOUR TAX OBLIGATIONS   -Raquel Hickey, Hickey&Hickey Accountant Consultants   In this global age that we live in, more and … Continue reading

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10 tips on Budgeting and Tax Analysis to Whip Your Personal & Business Finances into Shape

10 tips on Budgeting & Tax Analysis -Raquel Hickey, Hickey&Hickey Accountant Consultants Usually we think about accountants when we are in trouble with the IRS, our State, or in Tax season and what is worse we rate our accountants blindly … Continue reading

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Earned Income Tax Credit Basics : What to Know to Claim It ( 1 of 2)

QUALIFYING FOR EARN INCOME TAX CREDIT Some taxpayers with lower-paying jobs may be eligible for an earned income tax credit (EITC), based on their income levels. The EITC is a refundable credit; if the credit amount exceeds the taxpayer’s tax … Continue reading

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Earned Income Tax Credit Basics : What to Know to Claim It ( 2 of 2)

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Ten Facts about Adoption-Related Tax Savings

Adoption can create new families or expand existing ones. The expenses of adopting a child may also lower your federal tax. If you recently adopted or attempted to adopt a child, you may be eligible for a tax credit. You … Continue reading

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IRS Has $917 Million for People Who Have Not Filed a 2009 Income Tax Return

   Refunds totaling just over $917 million may be waiting for an estimated 984,400 taxpayers who did not file a federal income tax return for 2009, the Internal Revenue Service announced today. However, to collect the money, a return for … Continue reading

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Taxpayer Guide to Identity Theft

We know identity theft is a frustrating process for victims. We take this issue very seriously and so should you. What is identity theft? Identity theft occurs when someone uses your personal information such as your name, Social Security number (SSN) … Continue reading

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On this Extra Day Keep Your Personal Information Extra Protected :TAX TIPS on Identity Theft

We know identity theft is a frustrating process for victims. Follow these Tips for Protecting your Identity this Tax Season. What is identity theft? Identity theft occurs when someone uses your personal information such as your name, Social Security number … Continue reading

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Charitable Contributions Last Chance Before Year’s End!

We are getting closer and closer to year end and we are ready to help our most beloved charitable organizations but……do we know which of them qualify for deductions? Only the five following types of organizations can be qualified organizations … Continue reading

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