Tax Nitty Gritty

citizen
Mar 26th, 2015

When Do Non-Citizens Pay U.S. Taxes? [INFOGRAPHIC]

If someone isn’t a U.S. citizen, they may be classified in three different ways under immigration law: An immigrant A nonimmigrant An undocumented immigrant But when it comes to tax time, the IRS is only concerned about whether they are a resident alien or nonresident alien. Resident aliens are taxed in the same manner as […]

deduction
Mar 21st, 2015

Tax Question, Answered: Trucking Deductions

Ed note: Our experts at the Tax Institute answer questions from clients and other tax professionals all day long during tax season. They were the perfect people to turn to for information on a topic that frequently comes up from our clients on Facebook – what tax benefits exist for truckers? Question: I’m a truck […]

credit card
Mar 17th, 2015

Making the Most of Paying Taxes

Ed note: If you owe back taxes to the federal government, you hopefully know that the IRS offers several options when it comes to paying them. Here, we’ll dig into paying back taxes with a credit card with Jason Steele. It may surprise you to learn that there are some benefits to using this method. […]

credit
Mar 14th, 2015

Taxing Police Officer Off-Duty Security Income

Ed note: We are always talking to the Tax Institute about the most common tax questions they get. This one is toward the top of the list. Many law enforcement officers choose to provide security services to private businesses while they are off-duty. The question that often arises is how is this type of income […]

business
Mar 3rd, 2015

Deductions for Using Your Vehicle

Ed note: Many people know that if you use your car or truck for business, you can deduct some of the costs associated with the vehicle on your tax return. But did you also know that you might be able to itemize use of a vehicle when it’s associated with medical costs, charitable work or […]

disability
Feb 26th, 2015

Social Security Benefits – How Much Is Taxable

Ed note: Taxes on social security benefits are confusing. You report them on your tax return, but they are often not taxed. Here are a few general rules of thumb from our experts at the Tax Institute. All social security benefits, whether in the form of retirement benefits, survivor benefits or disability benefits, are taxed […]