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Category: Taxes

10 Things You Can Use As Tax Write-Off For Your Business

Having your own business can mean many exciting things, from acting as your own boss, having control over your products and services, and making your income from your hard work. Along with that, the perk of investing in your business and what to use as a tax write-off for what you spend. This can make […]

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How To Get Ahead Of The 2021 Tax Season

Well, tax season has come and gone once more. Have you thought about anything you could have done better? Anything new that may have thrown you off, maybe you just got married or now you have children or a new business. Simply put, there are many factors that can change how you do your yearly […]

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How the IRS Calculates Your Income Tax

The U.S. tax system and codes are rather complex to understand. When calculating the amount of federal income tax you owe, the IRS goes through several steps, such as excluding certain items from your income, applying the current tax brackets, and making adjustments for any tax credits you may qualify for. With the broad concept […]

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Tax Facts: What You Absolutely Need to Know About Taxes

Tax Day comes only once a year, but for those of us who have to pay taxes, it can feel like a year-round obligation. Whether you file on your own or utilize a tax professional, it is important to be aware of what your filing obligations may turn out to be and how your choices […]

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Ways Taxes Will Change In 2020

Tax law has gone through a number of changes since the Trump administration and will continue to change going into 2020. It can be overwhelming to keep track of all the changes, but we’ve compiled a shortlist of the changes you need to be on the lookout for.  No alimony deduction – People who pay […]

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What You Need to Know About Bookkeeping Firms and Audits

Not all bookkeeping firms in El Paso are prepared to help individuals and businesses being audited by the Internal Revenue Service. An IRS audit can mean you need to prepare piles of paperwork and be prepared to explain any financial transactions in question.  With any IRS audit, you face the risk that you will end […]

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Hire the Best Tax Firm to Ensure Your Taxes are Accurate

When searching for the best tax firms to handle your personal taxes, your best choice in El Paso will be Clifford, Ross, Raudenbush, & Cooper, LLC.  You realize that your age is starting to test you, and you don’t want to miss anything when filing your taxes, so you need some help getting them done […]

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