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Adoption Credit

Deductions & credits

Adoption credit. It is still out there, guys! And many of you are awesome and you go out and you do adopt children. Sometimes you get a little…

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One-minute answer

1040 Changes For 2019

Family & education

Some changes are coming in on the 1040 for the 2019 year based on the draft that we've seen. This includes a line for capital gain and losses…

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Eligible Dependent

Family & education

Who is an eligible dependent on your tax return? Many times people will sit there and they'll talk about age and all that. And it comes down to,…

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Let Your Kids Work at Your Business

Family & education

Children under the age of 18 working for mom and dad in their business. Partnership? Sole proprietorship? Awesome idea, people! Why not have kids work, learn that they're…

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Call If You Have Tax Questions

Family & education

I've been doing taxes now for more than 20 years here in the Brentwood, Tennessee area. And if you have questions or you're not too sure exactly where…

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How Does a W-4 Form Work?

Bookkeeping & payroll

How does a W-4 form work? Because a lot of times it can be very confusing. In fact, I've always thought that maybe they should rethink the top…

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Can I Claim a Tax Deduction for College Tuition?

Deductions & credits

Can I claim a tax deduction for college tuition? Absolutely. If you're an individual and you're the tax payer, you may be able to qualify for tuition and…

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Claiming Your Daycare

Family & education

Keep in mind that if your child is at a certain age, and they're going to day camp, that is daycare as far as the IRS is concerned.

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Is Alimony No Longer a Deduction?

Deductions & credits

Is it true that alimony is no longer a deduction? Answer is yes, it is true! Under the new tax laws if you divorce... now this is very…

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Remember Dependent Exemptions? They’re Gone!

Deductions & credits

Some of our popular deductions and credits did change last year. Remember dependent exemptions? Gone. That was the $4,050 for each person that was a qualified child in…

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