Monthly Archives: January 2012

Form 8938 Statement of Specified Foreign Financial Assets

If you have significant foreign financial assets you may have to file with your income tax return, form 8938, Statement of Specified Foreign Financial Assets. This is a new form starting with the 2011 tax year and is part of … Continue reading

Useful Arizona Tax Credits

As you get ready for this year’s tax preparation here is a reminder about three useful Arizona tax credits you maybe able to claim on your Arizona state income tax return. If you have any of the transactions discussed below … Continue reading

Green Card Holders and US Income Tax Returns

If you have recently received a Green Card through marriage you have some extra issues to consider with the first US income tax return you prepare after receiving the Green Card. This is a complex area of the US Tax … Continue reading

Education Credits and Deductions

Education credits and deductions can be surprisingly complicated. Not only are there up to four different ways of claiming a deduction or credit for education expenses on your income tax return, you also have to consider who will claim the … Continue reading

Wages, Salaries & Tips

As your tax preparer starts the preparation of your income tax return you probably think that wages and salaries are some of the easier items to enter on the tax return. However, even the basic W-2 can offer some surprises. … Continue reading

Earned Income Credit

If you satisfy certain conditions you may qualify for a beneficial tax credit called Earned Income Credit (EIC). In this article we give an outline of the credit so that you have a better understanding of why your tax preparer … Continue reading

Getting Ready For Your Tax Preparer

Your income tax documents will soon be arriving and it will be time for your tax preparation to start. Here are some tips to make the process of preparing your income tax return easier and to get the best value … Continue reading

2011 Income Tax Return – What’s New

So the 2011 tax year filing season has started. As you are getting the information and documents together to prepare your individual income tax return we will have a look at some of the tax changes for this year’s tax … Continue reading