Archive for the 'Uncategorized' Category

Charitable Contributions

Charitable contributions are generally pretty straightforward, but you can get tripped up on occasion.
Remember that only qualified charities count for deductions.  Donating $20 to a family in need or a person fighting cancer is a very good thing to do, but in the eyes of the IRS they’re not deductible.  Typically these events have a [...]

Part-Time Jobs and your W-4

The W-4 is a lousy form.  It’s very confusing.  My recommendation is to always ignore the top half and fill out the bottom with 1 or 2 exemptions.  Most people prefer getting a refund.  The fewer exemptions you claim, the larger your withholding and consequently the larger your refund.
You can really get in trouble if [...]

Tax Benefits for Job Seekers

Okay - this is one of those goofy tax code provisions that sounds good on paper, but in reality few people qualify for it.
First - You must be able to itemize AND get over the 2% hurdle for unreimbursed employee expenses.
Second - Generally speaking, you only qualify for the deduction if you’re looking for a [...]

Welcome to Fair Tax Inc

Welcome to the Fair Tax Inc blog.  I hope to bring you the occasional update on what’s happening in the tax world filtered through me.  The focus will be on the general Fair Tax Inc customer and meeting their needs.  The tax world is constantly evolving, most of it having no significance to the folks [...]