Tag Archive: Clay Sanford

May 28

Summer move expenses may be deductible says IRS

Many people with children find it less disruptive to move during the summer months when school is not in session. Although moving can be costly, some expenses may be deductible on your federal income tax return. If you moved due to a change in your job or business location, or because you started a new …

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Permanent link to this article: http://www.easttexasreview.com/summer-move-expenses-may-be-deductible-says-irs/

Apr 01

Doling out money: IRS has $760 million for people who have not filed a 2010 tax return

Refunds totaling almost $760 million may be waiting for an estimated 918,600 taxpayers who did not file a federal income tax return for 2010, the Internal Revenue Service announced today. However, to collect the money, a return for 2010 must be filed with the IRS no later than Tuesday, April 15, 2014. The IRS estimates …

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Permanent link to this article: http://www.easttexasreview.com/doling-out-money-irs-has-760-million-for-people-who-have-not-filed-a-2010-tax-return/

Feb 05

Lone Star State: Maximize Deductions

   Whether you are an individual taxpayer or a business owner, plan to make the most of your deductions by keeping good records during the year. Since the tax year officially begins in January, there’s no better time to start.    Whether you are an individual taxpayer or a business owner, plan to make the …

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Permanent link to this article: http://www.easttexasreview.com/14234/

Jul 24

Lone Star State: Tax breaks for job hunters

Summertime is the season that often leads to major life decisions, such as buying a home, moving or a job change. If you are looking for a new job that is in the same line of work, you may be able to deduct some of your job hunting expenses on your federal income tax return. …

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Permanent link to this article: http://www.easttexasreview.com/lone-star-state-tax-breaks-for-job-hunters/

May 06

Escape tax surprises

Many taxpayers have more taxes withheld from their pay than necessary. You should try to have your income tax withholding match your actual tax liability, especially if you normally get a large refund and you would like more money in your paycheck. If not enough tax is withheld, you will owe tax at the end …

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Permanent link to this article: http://www.easttexasreview.com/escape-tax-surprises/

Jul 21

Personal financial change: adjust withholdings

According to Clay Sanford, IRS spokesman one should try to have their income tax withholding match actual tax liability. If not enough tax is withheld, you will owe tax at the end of the year and may have to pay interest and a penalty. If too much tax is withheld, you will lose the use …

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Permanent link to this article: http://www.easttexasreview.com/personal-financial-change-adjust-withholdings/

May 21

Applying for financial aid

IRS system helps with college application process By Clay Sanford/Special to ETR   College-bound students and their parents typically want to make every dollar and every minute of the college experience count including money spent on tuition and time spent on the college financial aid application process. “The Internal Revenue Service is helping minimize the …

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Permanent link to this article: http://www.easttexasreview.com/applying-for-finacial-aid/

May 15

Paperwork after tax filing season

Now that the tax filing season has come and gone, you may be wondering how long to keep records and what records to keep.  Keeping necessary records after you file your taxes is a good idea, as they will help you with documentation and substantiation if the IRS selects your return for an audit. “Normally, …

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Permanent link to this article: http://www.easttexasreview.com/paperwork-after-tax-filing-season/

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