What you can Write-off when you have a Business Start-Up?

Finance is undoubtedly the life-blood of any business venture. But did you know that we need to incur a multitude of expenses before our business is actually up and [...]


If you are self employed and/or a Limited Liability Company with a single share holder and file a Schedule C, this is a must see video. The Schedule C [...]

Home Office Deduction – Everything You Need to Know

When using the Home Office Deduction when you file your tax return on 1040Return.com  you will need to file a Form 8829.  The Form 8829 is used to calculate [...]

How the Affordable Health Care Act will affect my Return

About 6 million of the 7 million people expected to buy health coverage on the new insurance marketplaces next year will be low- and middle-income consumers who’ll receive federal [...]

Earned Income Tax Credit 2013

Earned Income Tax Credit 2013 “EIC” is one of the most popular tax credits if you have children. So, what is earned income credit? The government will actually give you money for supporting your children. For example if you have 3 children and filing as Head of Household and earned $14,300.00 last year the government will give you an additional $6,044! Like all tax laws there are certain requirements. So, here are the earned income credit guidelines. […]

Free Tax Advice For Your Charitable Contributions

December is almost over, and that means tax time is shortly arriving! While everyone is running around doing their last minute Christmas shopping, people are also making charitable contributions left and right. Did you know that some 40 percent of all individual charitable donations are made in December? The American charitable sector is the largest in the world, with Americans contributing more than $300 billion per year in money plus $260 billion in volunteer time to many charities. […]

Same Sex Couples vs Federal Tax Law

  The U.S. Treasury Department and the IRS issued new regulations as a direct result of the recent Supreme Court ruling regarding same-sex couples. Under the ruling any same-sex marriage legally entered into in one of the 50 states, the District of Columbia, or a U.S. territory that recognizes same-sex marriage will be treated as married for all federal taxpurposes. This includes: […]

1040Return vs. IRS Free File Site

1040Return.com has changed its pricing structure to provide Tax Returns for a flat fee of $4.95. Individuals can file their 1040EZ, 1040A, and 1040 Federal Tax Return for $4.95 including Free efile and Free printing. The reason of the price change is to compete against the IRS Free File Site. However, there are limitations to the IRS Fee File Site. There are restrictions based your Adjusted Gross Income, the number of tax forms available, and not all companies support all of the States. […]

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