1098T Tax Form Tips. Students can graduate college on top of their tax game! #taxtips

What Is A 1098-T Form Used For? (Full Guide for College Students)

As the new tax season approaches, you may have already started receiving multiple documents to hand over to your tax preparer or accountant. Among all of those docs you may notice a tax form called a 1098-T. Don’t be afraid by this document at all.

Form 1098-T is a Tuition Statement used to help you understand which education credits you may qualify for relating to tuition and other school-related expenses paid during the tax year.

Read more

Tax Deductions for barbers with tools on the counter.

31+ Commonly Missed Tax Deductions for Stylists, Barbers and Beauty Professionals

Many tax deductions for barbers and beauty professionals are missed each year!

You’re in the world of perfecting your client’s physical appearance whether it is through hair, fashion, or makeup.

The last thing you want to worry about is making sure your taxes are prepared correctly and with optimal care. I am definitely aware of this and I always want to make your life easier when it comes to helping you prepare your taxes.

The first thing you will want to do, is to make sure all your documents are in line. In this article I will show you how to get the most business deductions and lower your tax bill.

Read more

13 Proven Mileage Tax Deduction Tips

Don’t miss out on tax breaks you may need for your vehicle. The mileage tax deduction rate is one of the tools used to help reduce the tax burden when your vehicle is used for business purposes.

This IRS mileage deduction is especially important for tax payers such as independent contractors and entrepreneurs.

Read more

Affordable Care Act Complete Guide

Affordable Care Act Explained

What is the Affordable Care Act?

There has been a lot of confusing when it comes to the Affordable Care Act, also known as Obama Care. I’m going to provide you with some essential information about the program and how it works.

ATTENTION: RECENT CHANGES TO TAX LAW HAS AFFECTED THE ACA!

Beginning in 2014, if you were a U.S. citizen or legal resident alien then you and your dependents were required to have Minimum Essential Health Care Coverage, have a health coverage exemption, or make a Shared Responsibility Payment (penalty or ISRP) with your tax return under the Affordable Care Act.

Read more