The earned income tax credit benefits working individuals and families with low to moderate incomes. EITC can lower a taxpayer’s taxes, and even result in a refund. To take advantage of this credit, taxpayers must file a tax return and claim…

In our very long and complex tax code, tax deductions come in all shapes and sizes, and have a lot of sticky rules attached to them. For example, business expenses must be ordinary (common and accepted in an industry) and necessary…

What is Tax-Loss Harvesting? How can I Turn Investment Losses Into Tax Savings? It is that time of the year again, the days are getting shorter and the workload for accountants around the country is getting heavier.  Tax season is…