Tax Tips for Work At Home Moms

BEFORE YOU SIGN THAT RETURN...

Life is full of changes, but if you neglect to share the twists in the path you are taking with your income tax preparer, it could mean an incorrect tax return.

It is important to share anything that is different in your life with your tax preparer since there are several factors that can influence the forms used to file your federal tax return.

Here are a few important twists you should share with your tax preparer.

If you switched jobs this year, be sure to mention it since you may be able to deduct job hunting expenses. There may also be a change in your insurance coverage which could lead to deducting some medical expenses.

A recent marriage, divorce, birth or death in the family all can have a bearing on your income taxes.

Returning to college can open up the door to some new tax credits for education.

Capital gains received from the sale of a stock early in 1999 can be easy to forget by April of 2000. Be sure to keep track of these transactions and bring associated documentation with you when you meet with your preparer.

Starting a new business creates another income tax milestone. So many new expenses, lots of questions, and a few extra forms to fill out.

Spending a few minutes talking with your tax preparer about how your year has unfolded, may save you some money at tax time. Finding a tax preparer you can trust and returning to them annually really can make a difference in your income tax liability.

Dear Reader:  You can help us make this section even better!

All of our articles and ideas have come from our imagination and from reader submissions.  Please use this form to contact us if you have content you would like to add to this website. Make sure to add your comments at the bottom of the article!  And don't forget to visit us on our child care forums for friendship, support and learning!

Webmasters and Authors:

We will gladly include a link back to your site or book in exchange for sharing your content.  Just contact us!

Bookmark

Email This

Hits: 2864

Trackback(0)

TrackBack URI for this entry

Comments (0)

Write comment

Name

Email

Website

Title

Comment

smaller | bigger

Subscribe via email (Registered users only)

I have read and agree to the Terms of Usage.

Write the displayed characters

Add Comment Preview