Tax News
Stay up to date on all things tax related with our Tax News Blog.
4 Tax Myths Costing You Money
While I admire anyone who wants to learn more about taxes, there are a few common myths that continue to get the best of us. Misunderstandings about the tax code can cost your more at tax time or worse – open you up to IRS audits and notices. Read more to uncover common tax myths that could cost you at tax time.
‘Til Taxes Do Us Part: Love, Marriage and Joint Tax Returns
In the walk up to the “happily ever after”, the legal stuff is hardly ever mentioned. Aside from the paperwork of changing a woman’s name, the newly married couple will be faced with something even bigger – their first joint tax return. Getting married is highly favored by the tax code. Therefore, filing jointly should generally reduce the amount of taxes owed. There are times where couples qualify for deductions and credits that the individual may not have been able to deduct on their own. But what happens when one spouse owes back taxes, child support, or even student loans debts and has their tax refund withheld? In my experience, couples often go married filing separately. This can be costly when it comes to taxes.
Here are 3 types of relief offered by the IRS that might help married couples get back to filing jointly:
Why a Trusted Tax Preparer Isn’t Optional
Don’t second guess yourself. Save time, hassle and money by using a trusted tax preparer like Coded Tax Services. Here are 5 reasons why a trusted tax preparer is worth the money.
5 Annual Tax Forms That Keep You Out of Trouble
Every year, we encounter tax forms that determine how many taxes are collected out of our wages and therefore how much tax is owed at the end of the year. Some forms may only be filled in annually but should be reviewed often as life events happen. When is the last time you really examined the following tax forms?
How to Organize Your Tax Documents Like a Pro
Preparing for tax season doesn’t have to be chaotic. With a little organization, you can streamline the process for yourself—and your tax preparer. Here are best practices for getting your paperwork in order before filing:
Why Choose Coded Tax Services Over TurboTax?
When tax season rolls around, many individuals face the same question: should I prepare my tax return myself using software like TurboTax, or hire a professional? While DIY platforms may seem convenient and cost-effective, there’s a compelling case for working with Coded Tax Services—especially if you value expertise, personalization, and peace of mind.
What happens when I file an extension?
Filing taxes can be stressful, especially when life gets busy or financial documents take longer to gather than expected. Fortunately, the IRS offers an option that can ease the pressure: filing for a tax extension. But what exactly happens when you file one—and what doesn’t? Let’s break it down.
